Which of the Following Statements About HR Demand Forecasting Is

question 118

Multiple Choice

Which of the following statements about HR demand forecasting is MOST accurate?

• A) HR managers do not typically engage in HR demand forecasting because the forecasting process requires an expert in research.
• B) HR demand forecasting is an internal labour supply forecast.
• C) HR demand forecasting uses census figures to calculate labour supply and demand for a particular industry.
• D) HR demand forecast only involves forecasting a specific business's labour needs for some future time.

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Definitions:

Rental Housing

Properties available for rent where tenants pay a fixed or negotiable fee to live in them for a specified period.

Equilibrium

A state in which market supply and demand are balanced, resulting in stable prices.

Supply Curve

A graphical representation that shows the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.