21.The difference between demand forecast and supply forecast signifies a firm’s:
a.HR resources.
b.HR plans.
c.HR needs.
d.HR practices.
22.____ involves predicting the number and types of people the organization will need at some time in the future.
a.Supply forecasting
b.Demand forecasting
c.Business factor forecasting
d.Needs forecasting
23.Which method of demand forecasting works on the assumption that changes in workforce requirement will be proportionate to changes in the business factor?
a.Judgmental
b.Group brainstorming
c.Statistical
d.Sales force estimates
24.Which of the following is not a statistical method of demand forecasting?
a.Trend analysis
b.Ratio analysis
c.Regression analysis
d.Group brainstorming analysis
25.____ analysis is the process of determining future HR demand by computing an exact ratio between the specific business factor and the number of employees needed.
a.Ratio
b.Regression
c.Trend
d.Market
26.In ____, the future demand for human resources is projected on the basis of past business activity regarding a business factor.
a.trend analysis
b.regression analysis
c.brainstorming
d.sales force estimates
27.Which of the following approaches would a firm use to predict workforce requirements for the current year based on the sales expectation for that year and the sales and workforce size of the previous three years?
a.Regression analysis
b.Trend analysis
c.Ratio analysis
d.Brainstorming analysis
28.If you were the manager of a grocery store located in an area with little population growth, which of the following would be the most appropriate for demand forecasting?
a.Trend analysis
b.Brainstorming
c.Sales force estimates
d.Supply forecasting
29.Which of the following involves the use of scatter diagrams to determine workforce size required at each value of the business factor in consideration?
a.Regression analysis
b.Ratio analysis
c.Trend analysis
d.Judgmental analysis
30.____ forecasting methods involve the use of human judgment rather than a manipulation of numbers.
a.Ratio
b.Probability
c.Judgmental
d.Statistical