The Relevance of Information Depends on Whether It

question 52

Multiple Choice

The relevance of information depends on whether it

• A)reaches the manager in time to take appropriate action.
• B)tells the whole story.
• C)accurately reflects the real situation.
• D)relates to what the manager is doing at the time.
• E)has been analyzed and put in useful form.

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Definitions:

Forecasting

Predicting future events or trends, often using historical data and analysis methods.

Human Resource Planning

The process by which an organization ensures that it has the right number and kind of people, at the right place and time, capable of effectively and efficiently completing tasks that help the organization achieve its overall objectives.

Attrition

The reduction in the workforce due to employees leaving the company through natural means such as retirement or resignation, not including layoffs.

Employee Surplus

A situation where the number of employees exceeds the number of jobs available within an organization.