In Considering the Staffing an Organization Might Need in the Future,human

question 103

Multiple Choice

In considering the staffing an organization might need in the future,human resource managers should __________.

• A)focus efforts on replacing those who retire or resign
• B)assume that the organization will not change much
• C)assume that there will be radical changes in the supply of labor and the nature of the organization's jobs,so defer planning
• D)hire 10% more people than were needed last year to cover possible growth
• E)understand the organization's vision and strategy and hire to support them

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Definitions:

Internal Rate of Return

A financial metric used to evaluate the profitability of potential investments, calculated as the discount rate that makes the net present value of all cash flows from a particular project equal to zero.

Net Present Value

An economic metric that evaluates the gap between the present value of cash inflows and outflows across a designated period.

Cash Flow Estimates

Projected amounts of cash inflows and outflows over a certain period that help businesses plan for investments, operational needs, and debt repayment.

Payback Rule

A capital budgeting technique that calculates the time required to recoup the cost of an investment, focusing on cash flows without considering the time value of money.