When Forecasting Demand

question 203

Multiple Choice

When forecasting demand

• A) industry comparisons are mandatory.
• B) the company forecasts the number and type of people who will be available for hiring from the labour market at large.
• C) employees are interviewed and asked how long they think they will remain with the company.
• D) employees sign a contract stating the number of years they will stay.
• E) a company must assess trends in past HR usage, future organizational plans, and general economic trends.

---

Definitions:

Picasso

Pablo Picasso, a Spanish painter, sculptor, printmaker, and influential artist of the 20th century, known for co-founding the Cubist movement and for the variety of styles he explored.

Scientific Theories

Well-substantiated explanations of natural phenomena, derived from methodological research, observation, and experimentation, capable of predicting future occurrences.

Vassily Kandinsky

A Russian painter and art theorist, considered one of the pioneers of abstract art in the early 20th century.

Abstraction

The process of thought in which ideas are distanced from objects.