In the Context of the 7 S Model of Organizational

question 59

Multiple Choice

In the context of the 7 S model of organizational alignment, which of the following statements is true of structure?

• A)It represents the most important S in the 7 S model.
• B)It helps create alignment between goals, skills, and environmental needs.
• C)It includes recruitment, hiring, training, promotion, and compensation.
• D)It is the ability of an individual to perform tasks.

Discern the varied purposes and functions of HR budgets in forecasting.

Appreciate the complementary nature of quantitative and qualitative forecasting methods.

Understand the concept of HR demand forecasting and various techniques used for forecasting.

Identify the steps involved in the simulation process for forecasting HR demand.

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Definitions:

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash and deposits.

Aggregate-Demand Curve

A graphical representation showing the relationship between the total quantity of goods and services demanded across all levels of an economy and the overall price level.

Monetary Policy

The process by which a central bank controls the supply of money in an economy, often targeting interest rates to promote economic stability.

Fiscal Policy

A government's use of spending and taxation to influence the economy.