Nominal Group Technique – Human Resources HRM Final

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Nominal Group Technique, Scatter Plot, Regression Analysis, Ratio Analysis.

The key terms in this Human Resources course include Nominal Group Technique, Scatter Plot, Regression Analysis, Ratio Analysis, Time-Series Analysis, Trend Analysis, Delphi Technique, HR Demand, Statistical Technique, Decision-Making Technique, HR Forecasting, Human Resources

Like ________, ratio analysis assumes that productivity remains much the same and is therefore not appropriate in changing environments.

A) regression analysis
B) trend analysiscorrect
C) time-series analysis
D) the nominal group technique
E) a scatter plot

A ________ illustrates the relationship between two factors: a measure of business activity and staffing levels.

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

A statistical technique involving the use of a mathematical formula to project future demands, based on an established relationship between an organizationʹs employment level and some measurable factor of output, is known as:

A) a computerized forecast.
B) ratio analysis.
C) trend analysis.
D) regression analysis. correct
E) a scatter plot.

In contrast to quantitative approaches, qualitative techniques rely solely on:

A) a scatter plot.
B) expert judgments. correct
C) regression analysis.
D) trend analysis.
E) multiple regression analysis.

Human Resources HRM Final

Two approaches used to gather qualitative data in order to forecast HR demand (or supply) are:

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

A decision-making technique that involves a group of experts meeting face to face, which can be used for HR forecasting, is known as:

A) the nominal group technique. correct
B) an informal expert forecast.
C) a formal expert forecast.
D) managerial judgment.
E) the Delphi technique.

Short-term and long-range HR demand forecasts provide:

A) the full staffing equation.
B) external supply forecasts.
C) half of the staffing equation. correct
D) present employees who can be transferred or promoted to meet anticipated needs.
E) internal supply forecasts

The drawbacks of which forecasting technique include subjectivity and the potential for group pressure to lead to less accurate assessments than could be obtained through other means?

A) a formal expert forecast.
B) managerial judgment.
C) the Delphi technique.
D) an informal expert forecast.
E) the nominal group technique. correct