Citrus College BUS 172 Chapter 2 |Complete Guide question and answers

1. Strategic planning involves a set of procedures for making decisions about an organization’s long-term goals and strategies. *a. True b. False 2. Neil is in the process of recruiting and selecting new employees in a way that caters to the welfare of his organization's existing employe es. He is working on human resource planning (HRP). *a. True b. False 3. Strategic human resources management (SHRM) is a combination of stra tegic planning and HR planning. *a. True b. False 4. The first step in strategic planning of a firm involves establishing a mission, vision, and values for the firm. *a. True b. False 5. When developing a statement that provides a perspective on where her company is headed and what the organization can become in the future, E lana is working on the organization's mission. a. True *b. False 6. Organizational core values form the foundation of a firm’s decisions. *a. True b. False 7. Changes in labor supply can place limits on the strategies available to firms. *a. True b. False