With Respect to HR Forecasting, When Would It Be Suitable

question 50

Multiple Choice

With respect to HR forecasting, when would it be suitable to hire external candidates instead of considering internal recruits?

• A) If the organization can hire external candidates for a lower salary than internal recruits.
• B) If there is a novel, creative work process that differs substantially from current practice.
• C) If HR forecasters predict higher attrition and retirement in the short-term
• D) If none of the internal recruits are willing to switch jobs.

Comprehend the implications and motivations behind promotional allowances.

Understand everyday low pricing (EDLP) strategy and its impact on marketing and pricing tactics.

Explain the concept and calculation of trade-in allowances.

Identify the purpose and effect of geographical adjustments to pricing.

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Definitions:

Situational Factors

External influences that can impact an individual's behavior, decisions, and psychological well-being, including environmental and contextual circumstances.

Carl Rogers

An influential American psychologist who founded client-centered therapy and emphasized the importance of the self and unconditional positive regard in growth and therapy.

Alfred Adler

An Austrian medical doctor and psychotherapist, founder of the school of individual psychology, known for introducing the concept of inferiority complex.

Sigmund Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.