True / False Questions
1. The first step in the human resource planning process is forecasting.
2. An objective measure that accurately predicts future demand is called a nominal predictor.
3. Economic planning models are useful when there is a long, stable history that can be used to reliably detect relationships among variables.
4. Change matrices are extremely useful for charting historical trends in a company's supply of labor.
5. The goals an organization sets in its human resource planning process should come directly from the analysis of its labor supply and demand.
6. As an option for avoiding an expected labor shortage, the use of overtime is a relatively fast solution, but its use is relatively low in terms of revocability.
7. As an option for avoiding an expected labor shortage, the use of new external hires is relatively fast, but low in terms of revocability.
8. In the past decade, the typical organizational response to a surplus of labor has been downsizing, which is fast, but high in human suffering.
9. One of the major reasons that organizations engaged in downsizing was that, for economic reasons, many firms changed the location of where they did business.
10. Despite the fact that baby boomers are approaching retirement, early indicators show this group has no intention of retiring.
5-1