Which of the Following Best Explains Managers' Attempts to Estimate

question 77

Multiple Choice

Which of the following best explains managers' attempts to estimate the qualifications and the numbers of employees an organization will need given its goals and strategies?

• A) Supply forecasting
• B) Economic modeling
• C) Selection forecasting
• D) Demand forecasting
• E) Job analysis

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Definitions:

Profitability

The degree to which a business or activity yields profit or financial gain.

Nonprofit Administrators

are individuals involved in managing and leading nonprofit organizations, focusing on achieving their missions with limited resources.

Entrepreneurs

Individuals who organize and operate businesses, taking on greater than normal financial risks in order to do so.

Democratic Governance

A system of leadership or management where decisions are made based on the participation or approval of the majority of members or stakeholders.