HR Forecasters Uses Various Qualitative Forecasting Methods

question 125

Multiple Choice

HR forecasters uses various qualitative forecasting methods.What qualitative technique is used to imagine future possible organizational states and the resulting capabilities,activities,or strategies that are necessary to be successful in those future states?

• A)management surveys
• B)Delphi technique
• C)scenario planning
• D)nominal group technique

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Definitions:

Output Rises

An increase in the amount of goods or services produced by a company or economy.

Negative Economic Profit

A situation where total costs exceed total revenues, indicating a loss in economic terms.

Perfectly Competitive

A market structure characterized by many sellers and buyers, homogeneous products, and free entry and exit, leading to price takers on both sides.

ATC Curve

A graph that shows the average total cost of producing different quantities of a good or service, calculated by dividing the total cost by the quantity produced.