Management inventories
A)are visual representations of who will replace whom in the event of a job opening.
B)record information about managerial responsibilities and management training used to identify internal candidates eligible for promotion.
C)are used to keep track of employees' qualifications.
D)are a method used to arrive at a group decision involving outside experts.
E)are a method of forecasting labour supply that involves tracking the pattern of employee movements.

Question

Quizplus · Accepted Answer

Management inventories record information about managerial responsibilities and management training used to identify internal candidates eligible for promotion. They are used as a tool for succession planning and ensuring a pipeline of qualified managers within an organization. Option A is incorrect as the visual representation of who will replace whom is known as an organizational chart. Option C is incorrect as keeping track of employees' qualifications is typically done through an employee database or HR information system. Option D is incorrect as group decision-making involving outside experts is typically done through a consultative process. Option E is incorrect as forecasting labor supply involves analyzing internal and external factors that might impact an organization's human resource needs.

Management Inventories