A Promotability Forecast

question 8

Multiple Choice

A promotability forecast:

• A) projects the advancement potential of employees.
• B) analyzes the strengths and weaknesses of employees.
• C) predicts the need for managers over a specified period.
• D) reviews key employees' underlying skills and interests.

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Definitions:

Total Assets

Total Assets are all the assets a company owns, including cash, inventory, property, and equipment, showcasing the entity’s financial standing.

Inventory Turnover

A ratio showing how many times a company has sold and replaced inventory over a period.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after all expenses are subtracted from sales.

Inventory Turnover

A ratio indicating how often a company's inventory is sold and replaced over a period, highlighting efficiency in managing stock and sales.