Question 1

The Oakland Athletics baseball team used statistical cause-and-effect models for HR planning.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 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 2

Quantitative and qualitative methods are not exclusive methods where the forecaster decides to use one method at the expense of the other.

Accepted Answer

A) True 
 B)False

Question 3

For a medium-sized Canadian furniture manufacturing company the demand for recliner chairs is fairly stable,because the market for recliner chairs is fairly stable.Since there exists a comparatively high degree of certainty in the market,which of the following forecasting models would be an effective model for assessing the demand for labour for this company?

Accepted Answer

A) a simple model based on a future forecast 
B) a simple model based on an existing forecast 
C) a structural equation model 
D) a model based on an existing forecast

Question 4

When trying to forecast the number of employee hours required for work in a retail store during December,the HR planner used last December's ratio of total sales to total hours worked as the basis for an estimate for the current year's needs.What forecasting model is the HR planner using to predict future HR demand?

Accepted Answer

A) times series model 
B) regression model 
C) projection model 
D) production model

Question 5

An organization wants to develop a better understanding of what factors influence demand and supply,and what processes may be causing bottlenecks in the flow of human capital.What would be the best way to gather this information?

Accepted Answer

A) use staffing tables 
B) use HR budgets 
C) use a simulation 
D) use scenario forecasts

Question 6

Refer to Scenario: Canadian Engineering Shortages.What would you call the process described in this scenario?

Accepted Answer

A) strategic human resource management 
B) human resource planning 
C) linking human resource management with strategic planning 
D) human resource supply techniques

Question 7

The last stage in the nominal group technique is a secret vote that determines the highest ranking for the group's HR demand solution.

Accepted Answer

A) True 
 B)False

Question 8

The first step in the nominal group technique is to select the experts.

Accepted Answer

A) True 
 B)False

Question 9

Estimates of the demand for labour in Canada have become increasingly uncertain over the past few years,primarily due to conflicting forces affecting the economy.Describe two of these conflicting forces.

Accepted Answer

The answer of Estimates of the demand for labour in...

Question 10

Which of the following is a qualitative human resource forecasting method?

Accepted Answer

A) time series 
B) nominal group technique 
C) regression analysis 
D) structural equation modelling technique

Question 11

Forecasting demand begins with a clear understanding of how the firm brings value to the customer,and an estimate of the extent to which the market will want to consume the firm's products or services.

Accepted Answer

A) True 
 B)False

Question 12

Organizations interact with their changing environments.Which of the following is an environment factor that aids HR forecasters in predicting the demand for a particular job?

Accepted Answer

A) customers 
B) sales levels 
C) production levels 
D) policies

Question 13

What would be the first step in HR forecasting once an organization has identified its organizational goals,objectives,and plans?

Accepted Answer

A) to examine data from a variety of perspectives 
B) to determine the overall demand requirements for personnel (i.e. ,what staff are needed,when,and where) 
C) to assess in-house skills and other internal supply characteristics 
D) to determine the net demand requirements that must be met from external environmental supply sources

Question 14

What sources of information do HR budgets take into consideration when used in forecasting human resource demand?

Accepted Answer

A) university researchers' and business consultants' data 
B) professional associations and Statistics Canada 
C) industry experts and management knowledge 
D) union and industry associations

Question 15

What would be two human resource qualitative forecasting demand techniques?

Accepted Answer

A) regression analysis and trend/ratio analysis techniques 
B) extrapolation and transition matrices techniques 
C) scenario planning and nominal group techniques 
D) budget analysis and skills inventory techniques

Question 16

There are two main factors that determine whether a quantitative model or qualitative model is a better choice in determining HR demand.Describe these two factors.

Accepted Answer

The answer of There are two main factors that determine...

Question 17

What stage in the nominal group technique would typically ask a question like,"What will Concord Corporation's demand for production workers be in the year 2017?"

Accepted Answer

A) select the experts 
B) meet face to face 
C) define the question 
D) discuss demand estimates

Question 18

Another name for the scenario forecast method is the projection forecast method.

Accepted Answer

A) True 
 B)False

Question 19

In the simple regression prediction model,X represents the independent variable.

Accepted Answer

A) True 
 B)False

Question 20

There are six steps associated with using the Delphi technique for HR demand forecasting.List these steps.Share an example of how the Delphi technique can be applied in HR forecasting.

Accepted Answer

The answer of There are six steps associated with using...

Exam 5: Determining HR Demand

The Oakland Athletics baseball team used statistical cause-and-effect models for HR planning.What do cause-and-effect models assume?

Quantitative and qualitative methods are not exclusive methods where the forecaster decides to use one method at the expense of the other.

An organization wants to develop a better understanding of what factors influence demand and supply,and what processes may be causing bottlenecks in the flow of human capital.What would be the best way to gather this information?

Refer to Scenario: Canadian Engineering Shortages.What would you call the process described in this scenario?

The last stage in the nominal group technique is a secret vote that determines the highest ranking for the group's HR demand solution.

The first step in the nominal group technique is to select the experts.

Estimates of the demand for labour in Canada have become increasingly uncertain over the past few years,primarily due to conflicting forces affecting the economy.Describe two of these conflicting forces.

Which of the following is a qualitative human resource forecasting method?

Forecasting demand begins with a clear understanding of how the firm brings value to the customer,and an estimate of the extent to which the market will want to consume the firm's products or services.

Organizations interact with their changing environments.Which of the following is an environment factor that aids HR forecasters in predicting the demand for a particular job?

What would be the first step in HR forecasting once an organization has identified its organizational goals,objectives,and plans?

What sources of information do HR budgets take into consideration when used in forecasting human resource demand?

What would be two human resource qualitative forecasting demand techniques?

There are two main factors that determine whether a quantitative model or qualitative model is a better choice in determining HR demand.Describe these two factors.

What stage in the nominal group technique would typically ask a question like,"What will Concord Corporation's demand for production workers be in the year 2017?"

Another name for the scenario forecast method is the projection forecast method.

In the simple regression prediction model,X represents the independent variable.

There are six steps associated with using the Delphi technique for HR demand forecasting.List these steps.Share an example of how the Delphi technique can be applied in HR forecasting.