Question 1

Which of the following is NOT a key area of focus for HR forecasting?

Accepted Answer

A) specialist workers 
B) designated group members 
C) financial planners 
D) leadership talent 
A) specialist workers 
B) designated group members 
C) financial planners 
D) leadership talent

Question 2

What is HR forecasting? Briefly describe the advantages that accrue to organizations from instituting effective HR forecasting procedures.

Accepted Answer

Constitutes the heart of the HR planning

Question 3

The knowledge,skills,abilities,and other characteristics that are necessary for a person to perform well in a job are referred to as job specifications.

Accepted Answer

A) True 
 B)False

Question 4

In reference to HR forecasting,organizational requirements must take precedence over issues of resource constraint and scarcity.

Accepted Answer

A) True 
 B)False

Question 5

What are the knowledge,skills,abilities,and other characteristics necessary for a person to perform well in a job derived from?

Accepted Answer

A) job description 
B) job evaluation 
C) job analysis 
D) job specifications 
A) job description 
B) job evaluation 
C) job analysis 
D) job specifications

Question 6

What type of forecasting method is concerned with existing assumptions based on historical data to create ratios of production or sales amounts to human capital needs?

Accepted Answer

A) process-based rules 
B) event-based rules 
C) norm-based rules 
D) transaction-based rules 
A) process-based rules 
B) event-based rules 
C) norm-based rules 
D) transaction-based rules

Question 7

Refer to Scenario: Turtle Tanks Inc.What type of human capital is a potential source of competitive advantage for Turtle Tanks Inc.?

Accepted Answer

A) generic human capital 
B) financial human capital 
C) firm-specific human capital 
D) technical human capital 
A) generic human capital 
B) financial human capital 
C) firm-specific human capital 
D) technical human capital

Question 8

Forecasting in terms of two to five years represents a short-run forecast.

Accepted Answer

A) True 
 B)False

Question 9

A shortage of human capital such that the organization is unable to meet its current or forecasted human capital requirements is called an HR surplus.

Accepted Answer

A) True 
 B)False

Question 10

As organizations move away from full-time employment,planners must begin to think more in terms of the kinds of skills or competencies that are required to fulfill strategic organizational challenges.

Accepted Answer

A) True 
 B)False

Question 11

What HR term is defined as the process of ascertaining the net requirement for human capital by determining the demand for and supply of human resources now and in the future?

Accepted Answer

A) HR projection 
B) HR prediction 
C) HR forecasting 
D) HR gap analysis 
A) HR projection 
B) HR prediction 
C) HR forecasting 
D) HR gap analysis

Question 12

HR forecasting is more reactive than proactive.

Accepted Answer

A) True 
 B)False

Question 13

Demand forecasting refers to the process of determining the source or sources of human capital to satisfy the organization's demand.

Accepted Answer

A) True 
 B)False

Question 14

A situation in which the organization has more human capital than it requires in order to meet its current or forecasted human capital requirements is known as an HR gap.

Accepted Answer

A) True 
 B)False

Question 15

Some management scholars suggest that the current skills gap in North America is largely attributable to the fact that companies have been ignoring the flow of human capital within their firms.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Identify and describe the key personnel categories that are given the most attention by human resource forecasters.?or?Identify and describe the key personnel categories that are given the most attention by human resource forecasters.Discuss the rationale for focusing on these personnel groups.

Accepted Answer

∙ Specialist/Technical/Professional – wo

Question 18

A proposed sequence of events with its own set of assumptions and associated program details is known as contingency planning.

Accepted Answer

A) True 
 B)False

Question 19

Models used in HR forecasting typically fall into one of three categories.What do cause-and-effect models assume?

Accepted Answer

A) that there is an ongoing relationship between independent and dependent variables 
B) that the extrapolated trends will most influence future supply and demand 
C) that the time horizon used for the models is most conducive to short-term forecasts 
D) that the subjective judgment of experts supports the forecasts 
A) that there is an ongoing relationship between independent and dependent variables 
B) that the extrapolated trends will most influence future supply and demand 
C) that the time horizon used for the models is most conducive to short-term forecasts 
D) that the subjective judgment of experts supports the forecasts

Question 20

What type of human capital represents the skills that employees have based on their tacit knowledge and learned from experience in the organization?

Accepted Answer

A) generic human capital 
B) firm-specific human capital 
C) labour market human capital 
D) manufactured human capital 
A) generic human capital 
B) firm-specific human capital 
C) labour market human capital 
D) manufactured human capital

Which of the following is NOT a key area of focus for HR forecasting?

What is HR forecasting? Briefly describe the advantages that accrue to organizations from instituting effective HR forecasting procedures.

The knowledge,skills,abilities,and other characteristics that are necessary for a person to perform well in a job are referred to as job specifications.

In reference to HR forecasting,organizational requirements must take precedence over issues of resource constraint and scarcity.

What are the knowledge,skills,abilities,and other characteristics necessary for a person to perform well in a job derived from?

What type of forecasting method is concerned with existing assumptions based on historical data to create ratios of production or sales amounts to human capital needs?

Refer to Scenario: Turtle Tanks Inc.What type of human capital is a potential source of competitive advantage for Turtle Tanks Inc.?

Forecasting in terms of two to five years represents a short-run forecast.

A shortage of human capital such that the organization is unable to meet its current or forecasted human capital requirements is called an HR surplus.

As organizations move away from full-time employment,planners must begin to think more in terms of the kinds of skills or competencies that are required to fulfill strategic organizational challenges.

What HR term is defined as the process of ascertaining the net requirement for human capital by determining the demand for and supply of human resources now and in the future?

HR forecasting is more reactive than proactive.

Demand forecasting refers to the process of determining the source or sources of human capital to satisfy the organization's demand.

A situation in which the organization has more human capital than it requires in order to meet its current or forecasted human capital requirements is known as an HR gap.

Some management scholars suggest that the current skills gap in North America is largely attributable to the fact that companies have been ignoring the flow of human capital within their firms.

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

Identify and describe the key personnel categories that are given the most attention by human resource forecasters.?or?Identify and describe the key personnel categories that are given the most attention by human resource forecasters.Discuss the rationale for focusing on these personnel groups.

A proposed sequence of events with its own set of assumptions and associated program details is known as contingency planning.

Models used in HR forecasting typically fall into one of three categories.What do cause-and-effect models assume?

What type of human capital represents the skills that employees have based on their tacit knowledge and learned from experience in the organization?

Strategic Management

Aligning HR With Strategy

Environmental Influences on HRM

Determining HR Demand

Ascertaining HR Supply

Succession Management

Information Technology for HR Planning

Change Management

Downsizing and Restructuring

Strategic International HRM

Mergers and Acquisitions

Outsourcing

HR Assessment and Analytics

Filters

Exam 4: The HR Forecasting Process

Which of the following is NOT a key area of focus for HR forecasting?

What is HR forecasting? Briefly describe the advantages that accrue to organizations from instituting effective HR forecasting procedures.

The knowledge,skills,abilities,and other characteristics that are necessary for a person to perform well in a job are referred to as job specifications.

In reference to HR forecasting,organizational requirements must take precedence over issues of resource constraint and scarcity.

What are the knowledge,skills,abilities,and other characteristics necessary for a person to perform well in a job derived from?

What type of forecasting method is concerned with existing assumptions based on historical data to create ratios of production or sales amounts to human capital needs?

Refer to Scenario: Turtle Tanks Inc.What type of human capital is a potential source of competitive advantage for Turtle Tanks Inc.?

Forecasting in terms of two to five years represents a short-run forecast.

A shortage of human capital such that the organization is unable to meet its current or forecasted human capital requirements is called an HR surplus.

As organizations move away from full-time employment,planners must begin to think more in terms of the kinds of skills or competencies that are required to fulfill strategic organizational challenges.

What HR term is defined as the process of ascertaining the net requirement for human capital by determining the demand for and supply of human resources now and in the future?

HR forecasting is more reactive than proactive.

Demand forecasting refers to the process of determining the source or sources of human capital to satisfy the organization's demand.

A situation in which the organization has more human capital than it requires in order to meet its current or forecasted human capital requirements is known as an HR gap.

Some management scholars suggest that the current skills gap in North America is largely attributable to the fact that companies have been ignoring the flow of human capital within their firms.

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

Identify and describe the key personnel categories that are given the most attention by human resource forecasters.?or?Identify and describe the key personnel categories that are given the most attention by human resource forecasters.Discuss the rationale for focusing on these personnel groups.

A proposed sequence of events with its own set of assumptions and associated program details is known as contingency planning.

Models used in HR forecasting typically fall into one of three categories.What do cause-and-effect models assume?

What type of human capital represents the skills that employees have based on their tacit knowledge and learned from experience in the organization?

Strategic Management

Aligning HR With Strategy

Environmental Influences on HRM

Determining HR Demand

Ascertaining HR Supply

Succession Management

Information Technology for HR Planning

Change Management

Downsizing and Restructuring

Strategic International HRM

Mergers and Acquisitions

Outsourcing

HR Assessment and Analytics

Filters