In the Context of the HRM Plan, Which of the Following

question 14

Multiple Choice

In the context of the HRM plan, which of the following goal statements aims at a specific goal?

• A) "Meet the hiring needs of the organization."
• B) "Develop training to meet the needs of the organization."
• C) "Ensure that all employees are compensated in accordance with their skill and performance."
• D) "Hire ten people with the requisite skills to meet the work demands of this quarter based on the sales forecasts."
• E) "Implement programs to assess and reward employees for their performance."

---

Definitions:

Cash Balance

The amount of cash in a company's accounts at any given time, reflecting its immediate monetary resources.

Aging Analysis

A method to evaluate and categorize accounts receivable based on the length of time an invoice has been outstanding to manage and estimate financial health.

Allowance for Doubtful Accounts

An estimate made by a company to account for receivables that may not be collected due to credit risk.

Bad Debt Expense

An expense reported on the income statement, representing the amount of receivables a company does not expect to collect.