HR Managers Can Estimate Human Resource Needs by Evaluating Which

question 106

Multiple Choice

HR managers can estimate human resource needs by evaluating which of the following?

• A) employment and unemployment statistics
• B) the general state of the economy
• C) demand for the organization's product
• D) how competitors are performing

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Definitions:

Purchasing Power

The capacity to buy goods and services, often determined by income, savings, and the current prices of goods and services.

Middle-income Households

Families or living units with income levels that fall in the middle range of the overall income distribution, often defined by economic researchers.

Per Capita Income

The average income earned per person in a given area or country, calculated by dividing the total income of the area by its population.

Exchange Rates

The worth of one currency when converted into another.