The Process of Attempting to Ascertain the Supply and Demand

question 57

Multiple Choice

The process of attempting to ascertain the supply and demand for various types of human resources is called _____.

• A)goal setting
• B)downsizing
• C)program evaluations
• D)forecasting
• E)implementation

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Definitions:

Price Floor

A government- or authority-imposed minimum price below which a certain product cannot be sold, typically above the equilibrium price to ensure producers receive a minimum income.

Government

The organizational structure through which a society makes and enforces its public policies and exercises authority over its citizens.

Pencils

Writing or drawing instruments with a thin core of graphite or a similar substance encased in a protective casing.

Nonprice Rationing

Allocating goods or services using means other than prices, such as waiting times or ration coupons, often used when there is a shortage or when market prices are not effective.