Question 1

Which of the following is NOT a categorization of forecasting models according to the textbook?

Accepted Answer

A)  time-series models 
B)  cause-and-effect models 
C)  judgemental models 
D)  prediction models 
A)  time-series models 
B)  cause-and-effect models 
C)  judgemental models 
D)  prediction models

Question 2

Persons who have invisible disabilities would constitute a "designated group" with respect to hiring in Canada.

Accepted Answer

A) True 
 B)False

Question 3

A serious problem develops in some organizations when the personnel planning process becomes connected to the overall business goals of the organization.

Accepted Answer

A) True 
 B)False

Question 4

HR shortage = HR demand < HR internal supply.

Accepted Answer

A) True 
 B)False

Question 5

With reference to HR forecasting, how is the envelope analogy used?

Accepted Answer

A)  It is a visual depiction used for HR communications. 
B)  It projects current HR supply and demand. 
C)  It sets the upper and lower boundaries for HR projections. 
D)  It is an estimate for a variety of HR assumptions. 
A)  It is a visual depiction used for HR communications. 
B)  It projects current HR supply and demand. 
C)  It sets the upper and lower boundaries for HR projections. 
D)  It is an estimate for a variety of HR assumptions.

Question 6

A projection is a single numerical estimate of HR requirements associated with a specific time horizon and set of assumptions.

Accepted Answer

A) True 
 B)False

Question 7

HR supply is defined as the organization's projected requirement for human resources.

Accepted Answer

A) True 
 B)False

Question 8

Male university graduates who are disabled would constitute a "designated group" with respect to hiring in Canada.

Accepted Answer

A) True 
 B)False

Question 9

Given the effects of the Fukushima nuclear disaster caused by the Tōhoku earthquake and tsunami on the external environment, what type of forecasting would HR professionals utilize to incorporate catastrophic circumstances and their consequences?

Accepted Answer

A)  transaction-based forecasting 
B)  process-based forecasting 
C)  event-based forecasting 
D)  critical-based forecasting 
A)  transaction-based forecasting 
B)  process-based forecasting 
C)  event-based forecasting 
D)  critical-based forecasting

Question 10

With respect to HR forecasting, when would it be suitable to hire external candidates instead of considering internal recruits?

Accepted Answer

A)  If the organization can hire external candidates for a lower salary than internal recruits. 
B)  If there is a novel, creative work process that differs substantially from current practice. 
C)  If HR forecasters predict higher attrition and retirement in the short-term 
D)  If none of the internal recruits are willing to switch jobs. 
A)  If the organization can hire external candidates for a lower salary than internal recruits. 
B)  If there is a novel, creative work process that differs substantially from current practice. 
C)  If HR forecasters predict higher attrition and retirement in the short-term 
D)  If none of the internal recruits are willing to switch jobs.

Question 11

If an organization wished to conduct HR forecasting for its operating cycle, which of the following time horizons should it use?

Accepted Answer

A)  current forecast 
B)  short-run forecast 
C)  medium-run forecast 
D)  long-run forecast 
A)  current forecast 
B)  short-run forecast 
C)  medium-run forecast 
D)  long-run forecast

Question 12

Identify the THREE different categories of HR forecasting activity and their relationship to the HR planning process.

Accepted Answer

-Transaction-based forecasting - focuses

Question 13

The Conference Board of Canada forecasts that by 2020, there will be a labour shortage of more than one million workers.

Accepted Answer

A) True 
 B)False

Question 14

A projection incorporates several HR estimates based on few assumptions.

Accepted Answer

A) True 
 B)False

Question 15

List and briefly describe the HR programs that can be implemented to address HR surpluses AND HR shortages.

Accepted Answer

HR shortages are addressed by:
-Recruitm

Question 16

An advantage to internal recruitment is that the employee does not need extensive socialization within the organization.

Accepted Answer

A) True 
 B)False

Question 17

What is the external HR supply, given that the organization has a workforce of 500, its historical annual replacement/loss rate is 7 percent, and its corporate downsizing policy will reduce staffing levels by 10 percent? Round to the closest whole number.

Accepted Answer

A)  -85 
B)  -15 
C)  15 
D)  85 
A)  -85 
B)  -15 
C)  15 
D)  85

Question 18

Attrition is the process of reducing an HR surplus by allowing the size of the workforce to decline naturally due to lay-offs and other forms of involuntary turnover.

Accepted Answer

A) True 
 B)False

Which of the following is NOT a categorization of forecasting models according to the textbook?

Persons who have invisible disabilities would constitute a "designated group" with respect to hiring in Canada.

A serious problem develops in some organizations when the personnel planning process becomes connected to the overall business goals of the organization.

HR shortage = HR demand < HR internal supply.

With reference to HR forecasting, how is the envelope analogy used?

A projection is a single numerical estimate of HR requirements associated with a specific time horizon and set of assumptions.

HR supply is defined as the organization's projected requirement for human resources.

Male university graduates who are disabled would constitute a "designated group" with respect to hiring in Canada.

Given the effects of the Fukushima nuclear disaster caused by the Tōhoku earthquake and tsunami on the external environment, what type of forecasting would HR professionals utilize to incorporate catastrophic circumstances and their consequences?

With respect to HR forecasting, when would it be suitable to hire external candidates instead of considering internal recruits?

If an organization wished to conduct HR forecasting for its operating cycle, which of the following time horizons should it use?

Identify the THREE different categories of HR forecasting activity and their relationship to the HR planning process.

The Conference Board of Canada forecasts that by 2020, there will be a labour shortage of more than one million workers.

A projection incorporates several HR estimates based on few assumptions.

List and briefly describe the HR programs that can be implemented to address HR surpluses AND HR shortages.

An advantage to internal recruitment is that the employee does not need extensive socialization within the organization.

What is the external HR supply, given that the organization has a workforce of 500, its historical annual replacement/loss rate is 7 percent, and its corporate downsizing policy will reduce staffing levels by 10 percent? Round to the closest whole number.

Attrition is the process of reducing an HR surplus by allowing the size of the workforce to decline naturally due to lay-offs and other forms of involuntary turnover.

Strategic Management

Aligning HR With Strategy

Environmental Influences on HRM

Job Analysis

Determining HR Demand

Ascertaining HR Supply

Succession Management

Information Technology

Downsizing and Restructuring

Strategic International HRM

Mergers and Acquisitions

Outsourcing

Evaluation of HR

Filters

Exam 5: The HR Forecasting Process

Which of the following is NOT a categorization of forecasting models according to the textbook?

Persons who have invisible disabilities would constitute a "designated group" with respect to hiring in Canada.

A serious problem develops in some organizations when the personnel planning process becomes connected to the overall business goals of the organization.

HR shortage = HR demand < HR internal supply.

With reference to HR forecasting, how is the envelope analogy used?

A projection is a single numerical estimate of HR requirements associated with a specific time horizon and set of assumptions.

HR supply is defined as the organization's projected requirement for human resources.

Male university graduates who are disabled would constitute a "designated group" with respect to hiring in Canada.

Given the effects of the Fukushima nuclear disaster caused by the Tōhoku earthquake and tsunami on the external environment, what type of forecasting would HR professionals utilize to incorporate catastrophic circumstances and their consequences?

With respect to HR forecasting, when would it be suitable to hire external candidates instead of considering internal recruits?

If an organization wished to conduct HR forecasting for its operating cycle, which of the following time horizons should it use?

Identify the THREE different categories of HR forecasting activity and their relationship to the HR planning process.

The Conference Board of Canada forecasts that by 2020, there will be a labour shortage of more than one million workers.

A projection incorporates several HR estimates based on few assumptions.

List and briefly describe the HR programs that can be implemented to address HR surpluses AND HR shortages.

An advantage to internal recruitment is that the employee does not need extensive socialization within the organization.

What is the external HR supply, given that the organization has a workforce of 500, its historical annual replacement/loss rate is 7 percent, and its corporate downsizing policy will reduce staffing levels by 10 percent? Round to the closest whole number.

Attrition is the process of reducing an HR surplus by allowing the size of the workforce to decline naturally due to lay-offs and other forms of involuntary turnover.

Strategic Management

Aligning HR With Strategy

Environmental Influences on HRM

Job Analysis

Determining HR Demand

Ascertaining HR Supply

Succession Management

Information Technology

Downsizing and Restructuring

Strategic International HRM

Mergers and Acquisitions

Outsourcing

Evaluation of HR

Filters