When a Company Forecasts the Number of Employees It Will

question 11

Multiple Choice

When a company forecasts the number of employees it will need, it is engaging in:

• A) speculation.
• B) a human resource plan.
• C) recruitment decision making.
• D) an exercise in futility.

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Definitions:

Mean

A statistical measure representing the average of a set of numbers, calculated by dividing the sum of all values by the number of values.

Parsimonious Theory

A theory that explains phenomena in the simplest way possible, using the fewest possible assumptions or variables.

Scientists

Professionals engaged in systematic activities to acquire knowledge that describes and predicts the natural world, typically through observations and experiments.

Correlation

A statistical measure that describes the size and direction of a relationship between two or more variables.