When Trying to Forecast the Number of Employee Hours Required

question 44

Multiple Choice

When trying to forecast the number of employee hours required for work in a retail store during December,the HR planner used last December's ratio of total sales to total hours worked as the basis for an estimate for the current year's needs.What forecasting model is the HR planner using to predict future HR demand?

• A)times series model
• B)regression model
• C)projection model
• D)production model

Comprehend how market analyses tools, such as SWOT analysis and the Boston Consulting Group's growth-share matrix, help in strategic planning.

Understand the role of mission statements and core values in guiding a company's strategic direction.

Describe the evaluation phase's actions, including comparison of results with plans and taking corrective actions.

Explain the concept of market share and how it's calculated.

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Definitions:

White Knight

In a corporate context, a friendly company or individual that acquires a corporation at risk of a hostile takeover.