Which of the Following Best Describes Forecasting Human Resources Needs

question 77

Multiple Choice

Which of the following best describes forecasting human resources needs?

• A) It is scientific and relatively error-free.
• B) It is difficult and should only be done on rare occasions.
• C) It should rely strictly on quantitative approaches, which utilize sophisticated analytical models.
• D) It estimates the number and type of people that are needed to meet organizational objectives.

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Definitions:

Insufficient

The lack of enough resources, quantity, or capacity to meet a demand or requirement.

Scarcity

A fundamental economic problem of having seemingly unlimited human wants in a world of limited resources, leading to the necessity of making choices.

Microeconomics

The branch of economics that studies how individuals, households, and firms make decisions and allocate resources.

Alternatives

Options or choices available in any given situation.