The First Step in the Human Resource Planning Process Is

question 55

Multiple Choice

The first step in the human resource planning process is to:

• A) Prepare a job analysis
• B) Prepare a human resource inventory of the organization's employees
• C) Assess future human resource demand
• D) Establish a human resource strategic plan

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Definitions:

Demand Curves

Graphical representations showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase.

Satisfies Consumer Wants

The fulfillment of consumer desires and needs through the provision or consumption of goods and services.

Utility

In economics, utility refers to the satisfaction or pleasure derived from consuming goods or services.

Marginal Utility

The additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.