Marie Boyd Has Been Hired by Barnum Hotels to Manage

question 46

Multiple Choice

Marie Boyd has been hired by Barnum Hotels to manage staffing for the regional hotel chain. Barnum intends to open two new hotels within the next three years and will have many job positions to fill. Historically, employee turnover is high at Barnum as employees remain with the company for one or two years before quitting. Marie realizes that Barnum needs to make significant changes in its personnel strategy in order to meet the company's goals for the future and improve employee retention rates. All of the following questions are relevant to Marie's decision to fill top positions at the new hotels with internal candidates EXCEPT:

• A)What are the key managerial positions that are available at the new hotels?
• B)What percentage of employers in the service industry use succession planning?
• C)What skills, education, and training have been provided to potential candidates?
• D)What is the designated procedure for assessing and selecting potential candidates?

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Definitions:

Time-Series Forecasting

The process of analyzing time-ordered data points to predict future values or trends based on historical patterns.

Trend Line

A trend line is a straight line that connects two or more price points and extends into the future to act as a line of support or resistance for the price movement.

Forecast Error

The difference between the actual demand and the forecasted demand, indicating the accuracy of forecasting models.