Test 3 y12 pt 6

Question 1

Financial Resources

Answer 1

Financial resources refer to the funds, assets, or reserves that an individual, organization, or government possesses

Question 2

Why budget financial res?

Answer 2

A well-structured budget provides a clear roadmap for financial decision-making,

enabling organizations to control costs, avoid overspending, and allocate resources where they are needed the most.

Question 3

Why forward plan financial res?

Answer 3

regular budget reviews to adapt to changing market conditions and unforeseen expense

ensuring that the organization remains financially stable.

Question 4

The concept of the legal and ethical management of information within a workplace

Answer 4

The legal and ethical management of information in the workplace refers to the responsible handling, storing, and dissemination of information in accordance with the laws, regulations, and ethical standards applicable to a specific industry or jurisdiction.

Question 5

Resource management

Answer 5

The managing of human, financial, physical and technological resources of an organization.

Question 6

-recruitment and selection

Answer 6

HR managers must identify the right talent for the right job, considering candidate skills, qualifications and their cultural fit within an organization.

Question 7

-training and development

Answer 7

Play a vital role in enhancing their skills and knowledge.

Question 8

Why are retention strategies important

Answer 8

essential for retaining top talent and reducing turnover rates.
Egs include
flexible hours
benefits
traing programs
contributions