In Considering the Staffing an Organization Might Need in the Future

question 72

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 planning here must be deferred.
• D)understand the organization's vision and strategy and hire to support them.
• E)hire 10% more people than were needed last year to cover possible growth.

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Definitions:

Reversing Entry

An accounting method used to reverse the impact of certain journal entries made in the previous accounting period for the sake of simplicity in future record keeping.

Interest Accrued

The accumulated interest on a loan or bond that has not yet been paid to the lender.

Proceeds of a Note

The total amount of money generated or to be paid out from a promissory note or financial instrument.

Reversing Entry

An accounting entry that is made at the beginning of an accounting period to reverse or cancel out a journal entry made at the end of the previous accounting period.