Which of the Following Best Describes Forecasting Human Resources Needs

question 77

Multiple Choice

Which of the following best describes forecasting human resources needs?

• A) It is scientific and relatively error-free.
• B) It is difficult and should only be done on rare occasions.
• C) It should rely strictly on quantitative approaches, which utilize sophisticated analytical models.
• D) It estimates the number and type of people that are needed to meet organizational objectives.

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Definitions:

M1

M1 encompasses the most liquid forms of money supply, including cash and assets that can quickly be converted to cash.

M2

M2 is a broader classification of money supply that accounts for currency in circulation and various other types of accounts that are less liquid than those in M1.

M1

Refers to the physical money supply that includes coins and notes in circulation as well as non-bank public holdings of checkable deposits.

M2

Includes all elements of M1 along with near money, such as savings deposits, time deposits under $100,000, and non-institutional money market funds.