Using Past Relationships to Forecast How Many Employees Will Be

question 102

Multiple Choice

Using past relationships to forecast how many employees will be needed for different levels of business activity is called __________.

• A) trend analysis
• B) ratio analysis
• C) judgmental forecasting
• D) interest rate forecasting

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Definitions:

Intuitive Thinking

A cognitive process that involves making decisions or solving problems based on feelings, instincts, or perceptions without the use of rational processes.

Flexible

The ability to adapt or be adapted to changes, challenges, or varying needs with ease.

Spontaneous

Occurring naturally or without premeditation; impulsive and unrestrained.

Sensation Thinker

This term might not correspond to a widely recognized concept in psychology or management sciences in a direct manner, it might be a confusion or mixing of the terms used in psychological type theories.