Factors That Should Be Considered When Forecasting the Number and Type

question 3

Multiple Choice

Factors that should be considered when forecasting the number and type of people needed to meet organizational objectives include all of the following except

• A)projected turnover.
• B)the financial resources available to each department.
• C)projected recruitment figures.
• D)quality and nature of employees.
• E)decisions to upgrade the quality of products or services or enter into new markets.

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Definitions:

Risk Neutral

A condition or attitude where an individual or entity is indifferent to risk when making investment or economic decisions, focusing solely on potential outcomes without regard to the associated risks.

Insurance

A financial product that provides compensation or coverage against losses or damages, based on the principle of risk pooling and premiums paid by the insured parties.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1 where 1 indicates certainty.

Big-8 Accounting Firm

Refers to the top eight accounting firms in the United States that dominated the industry until mergers and scandals reduced the number to the Big Four.