The Overall Purpose of the Five-Step Human Resource Planning Process

question 72

Multiple Choice

The overall purpose of the five-step human resource planning process is to

• A) protect the company from lawsuits from employees who claim discrimination.
• B) develop a workforce that is better educated than the workforce of competitor firms.
• C) eliminate needless job specifications.
• D) determine the number and types of employees needed by the firm.

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Definitions:

Accounts Payable

Money owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Recorded Increases

Entries in financial records that reflect an increase in assets, revenues, or any account that adds to the net worth or net income of a company.

Debited

In accounting, this term indicates that an entry has been made to the left side of an account, increasing assets or expenses, or decreasing equity, liability, or revenue.

Proprietorship

A business structure owned by a single individual, where the owner is personally responsible for the business's debts and liabilities.