Under the right conditions, they provide predictions that are much more precise than judgmental
methods. - correct answer ✔✔What is an advantage of statistical forecasting methods?
Trend analysis - correct answer ✔✔a process that accurately predicts labor demand for the next year
using leading indicators.
a transitional matrix - correct answer ✔✔Questions such as "Where did people who were in each job
category go?" and "Where did people now in each job category come from?" can be answered with the
help of:
historical data may not always reliably indicate future trends - correct answer ✔✔Planners need to
combine statistical forecasts of labor supply with expert judgments because:
Transfers - correct answer ✔✔Which of the following is a fast option that can be used to avoid a labor
surplus with only a moderate amount of suffering caused to the employees?
Downsizing - correct answer ✔✔Which of the following options for reducing an expected labor surplus
has the benefit of being a relatively fast solution, but has the disadvantage of being high in human
suffering?
engaging in better human resources planning. - correct answer ✔✔Many problems with downsizing can
be reduced by:
hiring temporary workers and outsourcing work - correct answer ✔✔The most widespread methods for
eliminating labor shortages are:
, it gives them flexibility in operations - correct answer ✔✔Temporary employment is popular with
employers because:
Quality-control problems - correct answer ✔✔Which of the following is a challenge associated with
outsourcing strategy?
would pay more than the current market wages for a job. - correct answer ✔✔Companies that use
"lead-the-market" pay strategy:
They are generally cheaper and faster than other means. - correct answer ✔✔Which of the following is
most likely to be an advantage of relying on internal recruitment sources?
Realistic Job Preview - correct answer ✔✔Sharon wants to apply for a job vacancy. She calls the recruiter
who had advertised this vacancy to know more about the job. The recruiter gives some background
information to Sharon about the positive and negative qualities of the job. Which of the following terms
refers to the job information given by the recruiter?
False - correct answer ✔✔The use of temporary workers might burden the organization with additional
administrative tasks.
screening the applications to see who meet the basic requirements for the job - correct answer ✔✔For
most companies, the first step in the personnel selection process is _____.
Interviewing candidates - correct answer ✔✔At which stage in the selection process are supervisors and
team members often involved?
that when one set of numbers goes up, the other set goes down - correct answer ✔✔A correlation
coefficient of -1.0 between two sets of numbers indicates _____.
1.0 - correct answer ✔✔A reliable test would be one for which scores by people with similar attributes
have a correlation close to _____.
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