Which of the Following Best Describes the Human Resource Forecasting

question 105

Multiple Choice

Which of the following best describes the human resource forecasting process?

• A)a basic pattern that flows from a micro perspective to a macro perspective
• B)a macro perspective that takes into account general trends in society and the economy
• C)a basic pattern that flows from a macro perspective to a micro perspective
• D)a micro-level perspective that focuses more directly on challenges that are specific to the organization

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Definitions:

MRP

An abbreviation for Marginal Revenue Product, which is the additional revenue generated from employing one more unit of a factor, such as labor or capital.

Workers

Individuals engaged in a profession or activity, especially one involving manual or physical labor, contributing to the production of goods and services in an economy.

Marginal Physical Product

The additional output produced by adding one more unit of a factor of production, such as labor, while keeping all other factors constant.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource or input.