The Role of Workforce Analytics Can Be Placed into One

question 80

Multiple Choice

The role of workforce analytics can be placed into one or more of three categories.What analytic domain makes inferences based on existing data to describe what could happen?

• A)prescriptive analytics
• B)functional analytics
• C)predictive analytics
• D)differential analytics

Understand the implications of labor market discrimination models for economic output and efficiency.

Recognize the role of tax credits and subsidies in supporting low-income workers.

Understand the effects of welfare system reforms on dependency and employment incentives.

Understand the arguments for and against income inequality and the impact of government programs on income distribution.

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Definitions:

Grape Cultivation

The agricultural practice of growing and harvesting grapes, typically for the purpose of wine production, eating as fruit, or making other grape-derived products.

Labor Demand

The total amount of workers that employers are willing and able to employ at a given wage rate in a given time period.

Labor Market

The marketplace where employers find workers and workers find jobs, characterized by the supply and demand for labor.

Plumbers

Skilled tradespeople who install, maintain, and repair water, gas, and other piping systems in homes and businesses.