Human Resource Planning Involves Forecasting Future Organizational Needs,including All of the Following

question 123

Multiple Choice

Human resource planning involves forecasting future organizational needs,including all of the following except

• A)the number of employees that will be needed
• B)the competencies employees will need
• C)the potential supply of employees
• D)the matching of employee supply with demand
• E)the matching of customer demand with output

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Definitions:

Soybeans

A species of legume native to East Asia, widely grown for its edible bean which has numerous uses, including producing soy oil and soy protein.

Total Revenue

The total income generated from the sale of goods or services, calculated by multiplying the price by the quantity sold.

Demand Function

A mathematical equation that describes the relationship between the quantity of a good demanded and its price, as well as other factors like income and prices of related goods.

Price Elasticity

The ratio reflecting the responsiveness of the quantity demanded or supplied of a good to changes in its price.