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Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?
- a)It gives an overview of the human resource situation of an organization
- b)It shows the future internal supply of managers by indicating who is promotable in a year
- c)It shows the position to which a manager may be promoted
- d)Managers who are ready for promotion can be easily identified
Correct answer is option 'C'. Can you explain this answer?
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Manager Inventory Chart, also known as replacement chart, is used in R...
Manager Inventory Chart is a partial organization chart that shows managerial positions, current incumbents, potential replacements for each position, and the age of each person. However, it does not show the position to which a manager may be promoted. Hence, from above discussion, we can infer that option (c) is not an advantage of Manager Inventory Chart. Options (a), (b), (d) are all advantages of Manager Inventory Chart.
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Manager Inventory Chart, also known as replacement chart, is used in R...
Explanation:
The Manager Inventory Chart, also known as a replacement chart, is a tool used in replacement planning of human resource management. It provides an overview of the human resource situation in an organization and helps identify managers who are ready for promotion. However, one of the advantages mentioned in the options is not accurate.
Advantages of Manager Inventory Chart:
1. Overview of the human resource situation: The chart provides a snapshot of the current human resource situation in the organization. It shows the number of managers in each position and helps identify any gaps or surpluses in the management hierarchy.
2. Future internal supply of managers: The chart helps in succession planning by indicating who among the current managers is promotable in the near future. It shows the potential candidates for higher-level positions and enables the organization to develop and prepare them for future roles.
3. Identification of managers ready for promotion: The chart helps identify managers who are ready for promotion based on their performance, skills, and potential. It enables the organization to make informed decisions about promotions and career development opportunities for its managers.
4. Easy identification of promotable managers: The chart makes it easier to identify managers who are ready for promotion. It provides a visual representation of the management hierarchy and clearly shows which managers are at the appropriate level of readiness for advancement.
Option 'C' - Incorrect Advantage:
The option 'c' states that the Manager Inventory Chart shows the position to which a manager may be promoted. However, this is not accurate. The chart only indicates who among the current managers is promotable in the future, but it does not specify the exact position to which they may be promoted. The chart provides an overview of the internal supply of managers and their potential for advancement, but the specific promotions would depend on various factors such as organizational needs, performance, and individual aspirations.
In conclusion, the Manager Inventory Chart has several advantages, including providing an overview of the human resource situation, indicating the future internal supply of managers, and facilitating the identification of managers ready for promotion. However, it does not show the specific position to which a manager may be promoted.
The Manager Inventory Chart, also known as a replacement chart, is a tool used in replacement planning of human resource management. It provides an overview of the human resource situation in an organization and helps identify managers who are ready for promotion. However, one of the advantages mentioned in the options is not accurate.
Advantages of Manager Inventory Chart:
1. Overview of the human resource situation: The chart provides a snapshot of the current human resource situation in the organization. It shows the number of managers in each position and helps identify any gaps or surpluses in the management hierarchy.
2. Future internal supply of managers: The chart helps in succession planning by indicating who among the current managers is promotable in the near future. It shows the potential candidates for higher-level positions and enables the organization to develop and prepare them for future roles.
3. Identification of managers ready for promotion: The chart helps identify managers who are ready for promotion based on their performance, skills, and potential. It enables the organization to make informed decisions about promotions and career development opportunities for its managers.
4. Easy identification of promotable managers: The chart makes it easier to identify managers who are ready for promotion. It provides a visual representation of the management hierarchy and clearly shows which managers are at the appropriate level of readiness for advancement.
Option 'C' - Incorrect Advantage:
The option 'c' states that the Manager Inventory Chart shows the position to which a manager may be promoted. However, this is not accurate. The chart only indicates who among the current managers is promotable in the future, but it does not specify the exact position to which they may be promoted. The chart provides an overview of the internal supply of managers and their potential for advancement, but the specific promotions would depend on various factors such as organizational needs, performance, and individual aspirations.
In conclusion, the Manager Inventory Chart has several advantages, including providing an overview of the human resource situation, indicating the future internal supply of managers, and facilitating the identification of managers ready for promotion. However, it does not show the specific position to which a manager may be promoted.
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Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?a)It gives an overview of the human resource situation of an organizationb)It shows the future internal supply of managers by indicating who is promotable in a yearc)It shows the position to which a manager may be promotedd)Managers who are ready for promotion can be easily identifiedCorrect answer is option 'C'. Can you explain this answer?
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Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?a)It gives an overview of the human resource situation of an organizationb)It shows the future internal supply of managers by indicating who is promotable in a yearc)It shows the position to which a manager may be promotedd)Managers who are ready for promotion can be easily identifiedCorrect answer is option 'C'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?a)It gives an overview of the human resource situation of an organizationb)It shows the future internal supply of managers by indicating who is promotable in a yearc)It shows the position to which a manager may be promotedd)Managers who are ready for promotion can be easily identifiedCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?a)It gives an overview of the human resource situation of an organizationb)It shows the future internal supply of managers by indicating who is promotable in a yearc)It shows the position to which a manager may be promotedd)Managers who are ready for promotion can be easily identifiedCorrect answer is option 'C'. Can you explain this answer?.
Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?a)It gives an overview of the human resource situation of an organizationb)It shows the future internal supply of managers by indicating who is promotable in a yearc)It shows the position to which a manager may be promotedd)Managers who are ready for promotion can be easily identifiedCorrect answer is option 'C'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?a)It gives an overview of the human resource situation of an organizationb)It shows the future internal supply of managers by indicating who is promotable in a yearc)It shows the position to which a manager may be promotedd)Managers who are ready for promotion can be easily identifiedCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?a)It gives an overview of the human resource situation of an organizationb)It shows the future internal supply of managers by indicating who is promotable in a yearc)It shows the position to which a manager may be promotedd)Managers who are ready for promotion can be easily identifiedCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?a)It gives an overview of the human resource situation of an organizationb)It shows the future internal supply of managers by indicating who is promotable in a yearc)It shows the position to which a manager may be promotedd)Managers who are ready for promotion can be easily identifiedCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UGC NET.
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Here you can find the meaning of Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?a)It gives an overview of the human resource situation of an organizationb)It shows the future internal supply of managers by indicating who is promotable in a yearc)It shows the position to which a manager may be promotedd)Managers who are ready for promotion can be easily identifiedCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?a)It gives an overview of the human resource situation of an organizationb)It shows the future internal supply of managers by indicating who is promotable in a yearc)It shows the position to which a manager may be promotedd)Managers who are ready for promotion can be easily identifiedCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?a)It gives an overview of the human resource situation of an organizationb)It shows the future internal supply of managers by indicating who is promotable in a yearc)It shows the position to which a manager may be promotedd)Managers who are ready for promotion can be easily identifiedCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Manager Inventory Chart, also known as replacement chart, is used in Replacement Planning of human resource management in an organization. Which of the following is not an advantage of Manager Inventory Chart?a)It gives an overview of the human resource situation of an organizationb)It shows the future internal supply of managers by indicating who is promotable in a yearc)It shows the position to which a manager may be promotedd)Managers who are ready for promotion can be easily identifiedCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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