Question 1

Which term refers to the proportion of applicants moving from one stage of the hiring process to the next?

Accepted Answer

A)  staffing yields 
B)  hiring yields 
C)  attrition 
D)  retention

Question 2

A retail store that forecasts a greater need for salespeople during Thanksgiving.This is an example of a seasonal forecast.

Accepted Answer

A) True 
 B)False

Question 3

Early retirement programs are a common way of dealing with temporary employee surpluses.

Accepted Answer

A) True 
 B)False

Question 4

After the gaps between the firm's labor supply and labor demand are identified,a firm should:

Accepted Answer

A)  develop and implement action plans. 
B)  conduct a workforce analysis. 
C)  identify its business strategy. 
D)  articulate its talent philosophy and strategic staffing decisions.

Question 5

If the proportion of high-potential applicants increases,the total number of applicants needed to generate the right number of the right quality of new hires decreases.

Accepted Answer

A) True 
 B)False

Question 6

ROM Corporation had kept all its hiring plans on hold during the last four quarters because the economy was in a state of recession.ROM manufactures data cards,memory chips,and LCD monitors.The company is analyzing market trends in order to reassess its hiring strategy for the coming year.Which of the following,if true,would most support the argument for restarting hiring?

Accepted Answer

A)  The previous recessionary had only lasted a year. 
B)  Though there was a decline in profits compared to the previous year, the company recently reported the best numbers in its industry. 
C)  Computer manufacturers have aggressively started hiring more staff. 
D)  One of ROM's fiercest rivals has started laying off its employees.

Question 7

Talent inventories are detailed records or databases that summarize each employee's skills,competencies,education,training,previous performance reviews,and chances of being promoted.

Accepted Answer

A) True 
 B)False

Question 8

How can competitor forecasts influence a firm's forecast of its own future business activity?

Accepted Answer

The answer of How can competitor forecasts influence a firm's...

Question 9

Which of the following visually shows each of the possible successors for a job and summarizes their strengths,present performance,promotion readiness,and development needs?

Accepted Answer

A)  scatter diagrams 
B)  perceptual maps 
C)  talent inventories 
D)  replacement charts

Question 10

Scatter plots show graphically how two different variables are related.

Accepted Answer

A) True 
 B)False

Exam 5: Forecasting and Planning

Which term refers to the proportion of applicants moving from one stage of the hiring process to the next?

A retail store that forecasts a greater need for salespeople during Thanksgiving.This is an example of a seasonal forecast.

Early retirement programs are a common way of dealing with temporary employee surpluses.

After the gaps between the firm's labor supply and labor demand are identified,a firm should:

If the proportion of high-potential applicants increases,the total number of applicants needed to generate the right number of the right quality of new hires decreases.

Talent inventories are detailed records or databases that summarize each employee's skills,competencies,education,training,previous performance reviews,and chances of being promoted.

How can competitor forecasts influence a firm's forecast of its own future business activity?

Which of the following visually shows each of the possible successors for a job and summarizes their strengths,present performance,promotion readiness,and development needs?

Scatter plots show graphically how two different variables are related.