The First Step in the Human Resources Planning Process Is

question 317

Multiple Choice

The first step in the human resources planning process is to

• A) prepare a forecast of human resource needs.
• B) assess future labor demand.
• C) prepare job specifications for each position within the organization.
• D) prepare a human resource inventory.

---

Definitions:

Debt-To-Equity Ratio

A financial ratio indicating the relative proportion of a company's assets financed by debt compared to shareholder equity.

Common Stock

An ownership share in a corporation, representing a claim on part of the company's profits and assets.

Market Price

The present cost at which a product or service is available for purchase or sale in a specific marketplace.

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest obligations from operating earnings, an indicator of financial stability.