Which of the Following Statements Is True

question 30

Multiple Choice

Which of the following statements is true?

• A) If the numbers of a population decrease, an endangered species may be reclassified as a threatened species.
• B) If the numbers of a population decrease, a threatened species may be reclassified as an endangered species.
• C) If the numbers of a population increase, a threatened species may be reclassified as an endangered species.
• D) The terms threatened species and endangered species mean the same thing.

Understand the process and advantages of the nominal group technique in HR forecasting.

Comprehend the concept and application of time series models in predicting future HR demand.

Recognize the importance of a clear understanding of firm value and market demand in HR forecasting.

Discern the varied purposes and functions of HR budgets in forecasting.

---

Definitions:

Implicit Costs

The opportunity costs of using resources that a firm already owns, representing the income the firm foregoes by using those resources internally rather than renting or selling them.

Explicit Costs

Explicit costs are direct, out-of-pocket payments for resources or services needed for production, such as wages, rent, and materials; they're easily quantifiable and recorded.

Explicit Costs

Direct, out-of-pocket expenses incurred in conducting a business activity or making a decision.

Accounting Profits

The financial gains of a company calculated by subtracting total expenses from total revenues according to standard accounting practices.