Which of the Following Would LEAST Likely Be Used to Forecast

question 24

Multiple Choice

Which of the following would LEAST likely be used to forecast future sales of a product?

• A) market interval scales
• B) sales force estimates
• C) expert opinions
• D) market tests

Recognize the necessity for periodic independent wage surveys to ensure competitive compensation.

Grasp the significance of being knowledgeable about current pay scales and benefits packages.

Learn the legal and ethical duties in addressing compensation inequities.

Understand the implications and importance of benefits preferences among employees.

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Definitions:

Historical Measures

Quantitative data or statistics from the past used to guide or inform future decisions or strategies.

Human Capital Requirements

The skills, knowledge, and experience needed by employees to effectively contribute to an organization's success.

Sales Levels

Refers to the volume of products or services sold within a specific time frame.

Competencies

The combination of skills, knowledge, and abilities that are required to perform a specific job or function effectively.