Question 1

Organizations interact with their always-changing environments.Which of the following is an environment factor that aids HR forecasters in predicting the demand for a particular job?
A)compensation strategy
B)human resources strategy
C)sales levels
D)economy

Accepted Answer

The economy is a significant environmental factor that aids HR forecasters in predicting the demand for a particular job. Economic conditions influence business operations and labor market dynamics, affecting job availability and the demand for specific roles.

Question 2

Refer to Scenario: Canadian Engineering Shortages.What do the Canadian National Household Survey and the Canadian Labour Force Survey reports attempt to do?
A)predict the future demand and supply for a wide variety of Canadian occupations
B)predict the future demand growth for a wide variety of Canadian occupations
C)estimate the future demand and supply for Canadian workers
D)predict the future demand and supply for Canadian engineering workers

Accepted Answer

The Canadian National Household Survey and the Canadian Labour Force Survey reports attempt to predict the future demand and supply for a wide variety of Canadian occupations.

Question 3

Which of the following is a qualitative human resource forecasting method?
A)time series
B)nominal group technique
C)regression analysis
D)structural equation modelling technique

Accepted Answer

The nominal group technique is a qualitative method that involves a group of experts brainstorming and discussing potential future scenarios and making predictions based on their experience and knowledge. This approach allows for subjective opinions and insights to be factored into the forecasting process. Time series, regression analysis, and structural equation modelling techniques are all quantitative methods that rely on statistical analysis of past data to make predictions about the future.

Question 4

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?
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

Accepted Answer

Since the demand for recliner chairs is fairly stable, a simple model based on an existing forecast would be the most effective for assessing the demand for labor. This is because it utilizes historical data to make predictions, which is appropriate for a stable market. The other options (A, C, and D) involve more complex modeling techniques that may not be necessary in this situation.

Question 5

Refer to Scenario: Canadian Engineering Shortages.What would you call the process described in this scenario?
A)strategic human resource management
B)human resource planning
C)linking human resource management with strategic planning
D)human resource supply techniques

Accepted Answer

The process described in the scenario is human resource planning, which involves forecasting future staffing needs to ensure adequate human resources are available to achieve an organization's goals.

Question 6

What type of forecasting method is concerned with blending of quantitative and qualitative methods of analysis?
A)simulation
B)regression analysis
C)scenario planning
D)structural equation modelling

Accepted Answer

The answer of What type of forecasting method is concerned...

Question 7

What forecasting method is the most commonly used qualitative method for gathering human resource demand information?
A)nominal group input
B)direct managerial input
C)scenario planning group input
D)Delphi group input

Accepted Answer

Direct managerial input is the most commonly used qualitative method for gathering human resource demand information because it involves managers directly estimating the future demand for employees, which is practical and straightforward for many organizations.

Question 8

Refer to Scenario: Canadian Engineering Shortages.Indicators suggest that the demand for engineering occupations currently exceeds supply at the provincial and national levels.What is this estimate of demand and supply called?
A)strategic human resource management
B)human resource planning
C)human resource estimating techniques
D)human resource forecasting techniques

Accepted Answer

The answer of Refer to Scenario: Canadian Engineering Shortages.Indicators suggest...

Question 9

What forecasting model or technique would be better when forecasting demand in a stable market when there is a high degree of certainty in the relationship between the demand for labour and the indicators of that demand?
A)qualitative model
B)quantitative model
C)scenario planning
D)expert surveys

Accepted Answer

In a stable market with a high degree of certainty in the relationship between demand for labor and the indicators of that demand, a quantitative model would be the most appropriate choice for forecasting demand. This is because a quantitative model relies on historical data and statistical methods to identify patterns and forecast future demand, which would be useful in a stable market with a high degree of certainty. Qualitative models, scenario planning, and expert surveys are typically better suited for situations where there is greater uncertainty or subjective factors that cannot be easily measured or modeled.

Question 10

What type of quantitative forecasting method projects HR demand by analyzing the historical relationship between an operational index and the number of employees required?
A)time series model analysis
B)regression analysis
C)ratio analysis
D)structural equation modelling analysis

Accepted Answer

Ratio analysis involves examining the historical relationship between an operational index (such as sales volume) and the number of employees required, making it suitable for projecting HR demand.

Question 11

Which of the following forecasting methods is the most commonly used qualitative method for determining workforce requirements?
A)nominal group technique
B)Delphi technique
C)scenario planning
D)management surveys

Accepted Answer

Management surveys are the most commonly used qualitative method for determining workforce requirements. This method involves surveying managers and asking them to estimate their department's future staffing needs.

Question 12

There are two main factors that determine whether a quantitative model or qualitative model is a better choice.Which of the following is one of these factors?
A)the estimates of the demand for labour
B)the long-term environmental forecasts of labour
C)the short-term environmental forecasts of labour
D)the volume and complexity of the data available

Accepted Answer

The volume and complexity of the data available is one of the main factors that determine whether a quantitative model or qualitative model is a better choice. If the data is extensive and complicated, a quantitative model may be more suitable. If the data is limited or uncertain, a qualitative model may be more appropriate. Therefore, in this scenario, the best choice would be D.

Question 13

What type of qualitative forecasting method is concerned with long-run forecasting utilizing expert assessments?
A)nominal group technique
B)Delphi technique
C)scenario planning
D)structural equation modelling technique

Accepted Answer

The answer of What type of qualitative forecasting method is...

Question 14

As the volume and complexity of forecasting data increases and forecasting uncertainty becomes very high,which forecasting models would be preferable?
A)quantitative models
B)statistical models
C)qualitative models
D)structural equation models

Accepted Answer

When forecasting uncertainty is very high, qualitative models would be preferable. These models rely on expert opinion and subjective judgments rather than quantitative data and statistics. They are useful when there is limited historical data or when the data is unreliable, incomplete or insufficient to make accurate forecasts. Qualitative methods include techniques such as Delphi method, expert panels, scenario analysis, and market research.

Question 15

What qualitative forecasting process solicits and summarizes the forecasts and judgments of a selected group of experts in an attempt to determine the future HR demand?
A)nominal group technique
B)scenario planning
C)Delphi technique
D)management surveys

Accepted Answer

The Delphi technique is a qualitative forecasting process that involves soliciting and summarizing the forecasts and judgments of a selected group of experts. This approach is commonly used to determine future HR demand as it relies on the expertise of the selected group to provide their insights and knowledge about the job market and other relevant factors. The technique involves multiple rounds of anonymous surveys and feedback to reach a consensus among the group. Therefore, choice C is the best answer.

Question 16

HR forecasters uses various qualitative forecasting methods.What qualitative technique is used to imagine future possible organizational states and the resulting capabilities,activities,or strategies that are necessary to be successful in those future states?
A)management surveys
B)Delphi technique
C)scenario planning
D)nominal group technique

Accepted Answer

Scenario planning is a qualitative forecasting technique used to imagine future possible organizational states and the resulting capabilities, activities, or strategies that are necessary to be successful in those future states. It involves creating various scenarios or hypothetical situations that consider different factors and their possible outcomes. This technique helps organizations to prepare for different future possibilities and adapt their strategies accordingly.

Question 17

What sources of information do HR budgets take into consideration when used in forecasting human resource demand?
A)university researchers' and business consultants' data
B)professional associations and Statistics Canada
C)industry experts and management knowledge
D)union and industry associations

Accepted Answer

HR budgets would take into consideration data from professional associations and Statistics Canada as they provide reliable and comprehensive data on labour market trends and employment statistics. While other sources such as university researchers, business consultants, industry experts, and management knowledge may also be helpful, they may not provide as much detail or accuracy as official sources like Statistics Canada. Union and industry associations may also be helpful for specific industries or companies, but HR budgets would likely consider a broader range of data sources.

Question 18

What type of information do HR budgets take into consideration when used in forecasting human resource demand?
A)industry experts and management knowledge
B)line employee and union staff records
C)historical company staffing trends and competitor staffing practices
D)university researchers' and business consultants' data

Accepted Answer

HR budgets typically take into consideration historical company staffing trends and competitor staffing practices to forecast human resource demand. This information helps HR departments identify potential areas of growth, areas of weakness, and talent gaps that need to be filled. Industry experts, management knowledge, employee and union records, and university research can also be considered but are not typically the primary source of information for HR budget forecasting.

Question 19

HR forecasters uses various statistical forecasting methods.What statistical technique permits the testing of multiple relationships simultaneously in a theoretically derived model?
A)time series model analysis
B)regression analysis
C)ratio analysis
D)structural equation modelling analysis

Accepted Answer

Structural equation modelling analysis allows for the testing of multiple relationships simultaneously in a theoretically derived model.

Question 20

Organizations interact with their constantly changing environments.Which of the following is an environment factor that aids HR forecasters in predicting the demand for a particular job?
A)collective agreement
B)company strategy
C)competitors
D)employees relative worth

Accepted Answer

Competitors are an external environmental factor that can influence the demand for a particular job, as changes in the competitive landscape can affect market conditions and labor demand.

Quiz 5: Determining HR Demand

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

Refer to Scenario: Canadian Engineering Shortages.What do the Canadian National Household Survey and the Canadian Labour Force Survey reports attempt to do?

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

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

What type of forecasting method is concerned with blending of quantitative and qualitative methods of analysis?

What forecasting method is the most commonly used qualitative method for gathering human resource demand information?

Refer to Scenario: Canadian Engineering Shortages.Indicators suggest that the demand for engineering occupations currently exceeds supply at the provincial and national levels.What is this estimate of demand and supply called?

What forecasting model or technique would be better when forecasting demand in a stable market when there is a high degree of certainty in the relationship between the demand for labour and the indicators of that demand?

What type of quantitative forecasting method projects HR demand by analyzing the historical relationship between an operational index and the number of employees required?

Which of the following forecasting methods is the most commonly used qualitative method for determining workforce requirements?

There are two main factors that determine whether a quantitative model or qualitative model is a better choice.Which of the following is one of these factors?

What type of qualitative forecasting method is concerned with long-run forecasting utilizing expert assessments?

As the volume and complexity of forecasting data increases and forecasting uncertainty becomes very high,which forecasting models would be preferable?

What qualitative forecasting process solicits and summarizes the forecasts and judgments of a selected group of experts in an attempt to determine the future HR demand?

HR forecasters uses various qualitative forecasting methods.What qualitative technique is used to imagine future possible organizational states and the resulting capabilities,activities,or strategies that are necessary to be successful in those future states?

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

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

HR forecasters uses various statistical forecasting methods.What statistical technique permits the testing of multiple relationships simultaneously in a theoretically derived model?

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