Use the Following Information for the Next 2 Questions

question 111

Multiple Choice

Use the following information for the next 2 questions.
Ray Company's projected sales budget for the next four months is as follows: Beginning inventory for the year is 27,000 units. Ending inventory for each month should be 30% of the next month's sales.
-How many units should the company produce in January?

• A) 106,000
• B) 90,000
• C) 70,000
• D) 78,000

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Definitions:

Scenarios

Detailed, imagined situations used for strategic planning, decision making, or predicting outcomes of various action plans.

HR Budgets

Quantitative, operational, or short-run demand estimates that contain the number and types of jobs required by the organization as a whole and for each subunit, division, or department.

Qualitative Method

A research approach focusing on understanding concepts, thoughts, or experiences through non-statistical analysis of unstructured data like interviews or observations.

HR Demand Forecasting

The process by which human resources departments predict the future staffing needs of an organization to ensure it employs the right number of people with the right skills.