In Human Resource Planning, the Forecast for Labor Demand Is

question 33

Multiple Choice

In Human Resource Planning, the forecast for labor demand is based on:

• A)training needs and performance appraisal
• B)skills inventories and the labor market
• C)annual employee turnover and expected strategic directions
• D)budget allocations and degree of automation

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Definitions:

Basic Economic Problem

The fundamental issue of scarcity faced by societies, where there are limited resources to meet unlimited wants and needs.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world with limited resources.

Industrialized

Pertains to countries or regions that have developed complex and diverse economies with extensive industrial activity as compared to agriculture or primary production.

Scarcity

Refers to the basic economic problem of having seemingly unlimited human wants in a world of limited resources.