Human Resources in Business
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Questions and Answers

What is the purpose of having contingency planning for a venture?

  • To avoid hiring permanent staff
  • To organize consumable materials
  • To have a back-up plan for specific events (correct)
  • To recruit mentors and advisors
  • In the context of human resources, who can these refer to besides actual employees?

  • Contingency planning specialists
  • Business development centers (correct)
  • Consumable materials
  • Fixed materials
  • What is the main purpose of conducting a GAP analysis for a venture plan?

  • To determine how work will be supervised
  • To identify the skills needed for hiring permanent staff
  • To plan for three operating scenarios
  • To show the differences between current and ideal situations (correct)
  • What aspect of human resources should be considered in the operating strategy of a venture?

    <p>Who will keep the records?</p> Signup and view all the answers

    Which scenario should a venture plan typically include for contingency planning?

    <p>Optimistic case</p> Signup and view all the answers

    How does having a 'GREEN' plan relate to operating strategy in a venture?

    <p>It applies environmental regulations to the venture</p> Signup and view all the answers

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