The Attempt by Managers to Estimate the Qualifications and the Number

question 61

Multiple Choice

The attempt by managers to estimate the qualifications and the number of employees an organization will need, given its goals and strategies, is the process of ________.

• A) supply forecasting
• B) economic modeling
• C) selection forecasting
• D) demand forecasting

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Definitions:

Current Assets

Refers to assets that are expected to be converted into cash or used up within one year or in the operating cycle of the business, whichever is longer.

Current Liabilities

A company's debts or obligations that are due to be paid to creditors within one year.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity of the company.

Current Ratio

An indicator assessing a corporation's capability to settle its obligations that are due in less than one year, focusing on short-term liquidity.