Answer:
It improves employee retention and performance motivation.
Explanation:
There are few factors that keep employee motivated and loyal toward organization. The basic factors are career path and monetary benefits that keep the energy flow in the employee.
A formal succession plan is a human resource management strategy for identifying the potential successor, it reduces the confusion for the organization and employee in the method of hiring and promotion. These strategies also keep an employee motivated, improve performance and retention in the organization as they find growth and security in the organization.
Options:
A. Operational
B. Tactical
C. Static
D. Strategic
D. Growth
Answer:D. Growth
Explanation:Growth plans are Activities put in place to enhance that an organisation attains its growth Objectives.
A Growth plan identifies potential opportunities for growth and makes the required resources available in irder to sponsor the potential opportunities.
A growth plan contains business elements which can help the a business Organisation identify the value of customers and how to meet the needs of the customers which will help to enhance the growth of the business through increased revenue.
Answer:
having lower overhead costs.
Explanation:
Robert started his company in his mother's garage so he did not have to pay rent or lease at the initial stage of his business. This gave him the opportunity to put his finances in essential aspects of his business.
Therefore he had an opportunity to reduce his overhead cost.
the board of governors of the federal reserve system
Answer:
$6,480,000
Explanation:
The computation of the amount of the current liabilities is shown below:
Total assets of $11,200,000
Less: Noncurrent assets $1,480,000
Current Assets = $9,720,000
Now as we know that
Current ratio = Current Assets ÷ Current Liabilities
Current Liabilites is
= $9,720,000 ÷ 1.5
= $6,480,000
hence, the current liabilities is $6,480,000