An Organization Made Errors in Estimating the Supply of Human

question 57

Multiple Choice

An organization made errors in estimating the supply of human capital that became amplified along the supply chain,resulting in large overestimates of hiring needs.What term defines what is happening in this organization?

• A)compounding errors
• B)skill gap effect
• C)human resource planning errors
• D)bullwhip effect

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Definitions:

English Auction

A bidding process where participants publicly offer progressively higher prices until the highest bidder wins, typically used for selling goods or services.

Rational Self-Interest

The principle that an individual's actions are motivated by self-gain and the efficient pursuit of their own personal goals, assuming logical and informed decision-making.

Values

The importance, worth, or usefulness of something, often determined by personal principles or market conditions.

Bid

An offer of a certain price for something, especially in contexts like auctions or financial markets, where it reflects the amount a buyer is willing to pay.