Which of the Following Is a Quantitative Method of HR

question 18

Multiple Choice

Which of the following is a quantitative method of HR forecasting?

• A) The rule of thumb method
• B) The Delphi technique
• C) Staffing ratios
• D) Nominal groups
• ​

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Definitions:

Equilibrium Quantity

The measure of goods or services being supplied and demanded at a price point where equilibrium occurs.

Price Of Steel

The cost or market rate at which steel is bought or sold, influenced by demand, supply, production costs, and global market trends.

Price Of Gasoline

The cost per unit volume of gasoline, which can vary depending on factors such as oil prices, taxes, and demand.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, often considered the resting point of the market.