An Effective HRM Plan Provides Value to the Organization When

question 7

Multiple Choice

An effective HRM plan provides value to the organization when it:

• A) is completely based on forecast figures of the organization.
• B) incorporates the legislative changes occurring outside the organization.
• C) establishes generic and wide-ranging goals for the organization.
• D) imitates the plan used by other companies like its branches or competitors.
• E) excludes the challenges faced by the company and focuses only on the strengths.

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Definitions:

Liabilities

Financial obligations or debts that a business owes to external parties.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company's assets.

Ratio

A quantitative relationship between two numbers, showing how many times one value is contained within another.

Liabilities

Financial obligations or debts that a business owes to others, which must be paid back in the future.