When Attempting to Determine Human Resource Needs, HR Managers Prepare

question 10

Multiple Choice

When attempting to determine human resource needs, HR managers prepare a(n) _____ providing details of all current employees, which includes their educational level and abilities and helps identify deficits in the workforce.

• A) staffing plan
• B) appraisal
• C) retention plan
• D) inventory
• E) job analysis

---

Definitions:

Individual Households

Single units comprising one or more persons within an economy that make decisions about consumption, saving, and labor supply.

Inflation

The speed at which the overall price level for products and services increases, diminishing the buying power.

Unemployment

The situation where individuals who are capable of working and willing to work do not find employment.

Opportunity Costs

The cost of the next best alternative foregone as a result of making a decision.