What Is the First Element an Organization Needs to Consider

question 36

Multiple Choice

What is the first element an organization needs to consider in deriving its external supply calculation for HR forecasting?

• A) To meet its replacement needs.
• B) To consider the change component.
• C) To predict attrition and retirements.
• D) To forecast HR demand accurately.

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Definitions:

Letter Grade

A system of evaluating academic performance using letters, such as A, B, C, D, and F, with A being the highest and F being failing.

Grade Point Value

A numerical value assigned to a grade that measures academic achievement, often used in calculating a student's grade point average (GPA).

Unit Selling Price

The price at which a single unit of a product is sold to consumers.

Compensation

Payment or reward given for services or to cover losses or damages, often relating to employment.