Andrew Was Excited to Be Hired as the Human Resources

question 6

Multiple Choice

Andrew was excited to be hired as the Human Resources Manager for Uptodate Inc., a large firm in his hometown. On his second week at his new job, he was invited to join in a meeting with the Senior Administrative team to discuss the potential expansion of the business into a new product area. In this meeting, Andrew was asked to input into the discussion by indicating the potential effects on the firm's human resources. He was ready for this question!
As the discussion continued, it became evident that the Senior Administrative team had not considered the major forces facing a Canadian organization today. Although Andrew was very familiar with the population and workforce in the community, he needed time to determine whether they would be of sufficient number, skill set, and productivity level to meet the expansion needs of Uptodate Inc. If not, Andrew would have to consider other options to source Uptodate Inc.'s future employee needs. As he left the meeting, he was excited about doing the research necessary to bring to the next Senior Administrative team meeting next week.

-In considering the number and skill set of available people (potential employees) in his hometown,Andrew is evaluating the ______________ of the community.

• A)economic forces
• B)cultural forces
• C)demographic forces
• D)legal forces
• E)technological forces

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Definitions:

Fixed Proportions

A production process where inputs are used in strict, unchangeable ratios, without the flexibility to substitute one input for another.

Elasticity Coefficient

A numerical measure of the responsiveness of quantity demanded or supplied to one of its determinants, such as price or income.

Resource Demand

The requirement for resources or inputs necessary for production in response to market needs.

Infinitely Elastic

A situation in which the quantity demanded or supplied changes by an unlimited amount in response to any change in prices.