The Data Gathered from Forecasting Helps the Recruitment Process By

question 76

Multiple Choice

The data gathered from forecasting helps the recruitment process by:

• A) listing out the tasks, duties, and responsibilities of a job.
• B) pointing out the demographic characteristics of the workforce.
• C) providing job specifications listing skills required for the job.
• D) determining how many people must be hired.
• E) creating ways to modify, change, and enrich the job.

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Definitions:

Annual Inventory Cost

The total expense associated with holding and managing inventory over the course of a year, including costs of storage, insurance, and loss due to decay.

Order Replenish

refers to the process of restocking goods or materials to ensure sufficient inventory levels are maintained, often in response to customer orders.

Ordering Cost

Expenses associated with placing and receiving orders for goods or supplies, including administrative and staffing costs.

Holding Cost

The expenses associated with storing inventory that is not yet sold or utilized, including storage, insurance, and obsolescence costs.