If an Organization Wished to Conduct HR Forecasting for Its

question 17

Multiple Choice

If an organization wished to conduct HR forecasting for its operating cycle,which of the following time horizons should it use?

• A)current forecast
• B)short-run forecast
• C)medium-run forecast
• D)long-run forecast

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Definitions:

Balance Sheet

A financial statement summarizing a company's assets, liabilities, and shareholders' equity at a specific point in time.

Inventory Turnover

A measure of how quickly a company sells and replaces its stock of goods in a given period.

Cost of Goods Sold

Expenditures directly connected to the creation of a company's sold products, encompassing materials and labor expenses.

Inventory

Inventory encompasses all the goods and materials that a business holds for the purpose of resale or as part of its raw materials for production.