Forecasting Technique – Human Resources HRM Exam

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Forecasting Technique
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Forecasting Technique, Planning And Management, Labour Force, HRP, Strategic Plans.

The key terms in this Human Resources course include Planning And Management, Labour Force, HRP, Strategic Plans, Canadian, Forecasting Technique, Trend Analysis, Nominal Group Technique, Delphi Technique, Scatter Plot, Planning, Regression Analysis, Ratio Analysis, Time-Series Analysis, HR.

Which of the following statements is true?

A) Currently, the fastest growing groups in the Canadian labour force are visible minorities and persons with disabilities.
B) By 2010, one in two Canadians will be age 50 or older.
C) Probably the most significant environmental factor in HRP in Canada today relates to dramatic changes in labour-force composition. correct
D) Effective HRP involves focusing on monitoring trends only.
E) The number of young people in the Canadian labour force is now increasing.

The first step in the HRP process, after the HR implications of the firmʹs strategic plans have been analyzed, is:

A) forecasting availability of internal and external candidates.
B) monitoring and evaluating the results.
C) forecasting future human resources needs. correct
D) planning and implementing HR programs to balance supply and demand.
E) job analysis and design.

Forecasting Technique

Factors that should be considered when forecasting the number and type of people needed to meet organizational objectives include all of the following EXCEPT:

A) projected recruitment figures. correct
B) projected turnover.
C) decisions to upgrade the quality of products or services or enter into new markets.
D) the financial resources available to each department.
E) quality and nature of employees.

Which of the following is a quantitative approach to forecasting?

A) trend analysis correct
B) managerial judgment
C) the nominal group technique
D) the Delphi technique
E) trend analysis and the nominal group technique

Quantitative techniques to forecasting include all of the following EXCEPT:

A) trend analysis.
B) ratio analysis.
C) the nominal group technique. correct
D) regression analysis.
E) a scatter plot.

Computing the number of employees in the firm at the end of the last five years is associated with which of the following forecasting techniques?

A) trend analysis correct
B) a scatter plot
C) ratio analysis
D) time-series analysis
E) regression analysis

A forecasting technique for determining future staff needs by using ratios between sales volume and the number of employees needed is:

A) a scatter plot.
B) time-series analysis.
C) regression analysis.
D) ratio analysis. correct
E) trend analysis.