10 Questions
According to the passage, which of the following statements is true regarding forecasting employment needs?
It involves making assumptions about future economic conditions and organizational goals.
Which of the following is NOT mentioned as one of the questions that employment forecasting aims to answer?
How will the employees be recruited and selected?
According to the passage, which of the following statements is true regarding the accuracy of employment forecasts?
Short-term forecasts tend to be more precise and accurate than long-term forecasts.
Which of the following statements best describes the nature of forecasting employment needs, according to the passage?
It is more of an applied art than a science.
Based on the information in the passage, which of the following statements is true regarding the assumptions made in employment forecasting?
Over a long period of time, economic conditions and organizational strategic objectives tend to change dramatically.
According to the passage, which of the following statements best describes the role of probabilistic modeling and computer simulation in employment forecasting?
They are not mentioned as being relevant to employment forecasting.
Which of the following statements is NOT implied by the passage regarding the development of a human resource planning system?
Probabilistic modeling is a crucial component.
According to the passage, which of the following statements is true regarding the demand for labor in employment forecasting?
It involves analyzing what employees will be needed in the future.
Based on the information in the passage, which of the following statements is true regarding the assumptions made in employment forecasting?
Assumptions about economic conditions and organizational goals are necessary for both short-term and long-term forecasts.
According to the passage, which of the following statements best describes the nature of employment forecasting in practice?
It is usually informal, highly judgmental, and subjective.
Learn about the benefits of using a computer simulation over a subjective model for examining organizational and economic factors. Understand how forecasts for future employment needs are estimates that can become more accurate with additional variables.
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