Question 1

Which economic force is making internal supply estimates more difficult?

Accepted Answer

Increased voluntary temporary work makes internal supply estimates more difficult because it introduces variability and unpredictability in workforce availability and commitment, complicating long-term planning and resource allocation.

Question 2

In the human resource business, HRIS stands for:

Accepted Answer

HRIS stands for Human Resource Information System, which is a software system that helps organizations manage their human resources data, including employee data, payroll, benefits, performance management, and more.

Question 3

If a firm's internal supply of workers exceeds its demand, a __________ exists.

Accepted Answer

When a firm's internal supply of workers exceeds its demand, a human resource surplus exists, meaning that there are more employees than necessary for the work that needs to be done. This can lead to challenges such as decreased motivation and productivity, increased costs, and decreased morale.

Question 4

Estimating the future resource needs and changes is called:

Accepted Answer

Estimating the future resource needs and changes is called forecasting. Retrospection is looking back on past events, introspection is self-reflection, supply projections are estimates of future supply, and demand sourcing is the process of finding and acquiring resources to meet demand.

Question 5

Having the right people with the right skills at the right time is a major objective of:

Accepted Answer

Human resource planning involves identifying and ensuring that the organization has access to the appropriate staff with the right skills at the right time. The other options are not concerned with this objective, human relations planning focuses on developing relationships between employees, human relations management focuses on managing employee behavior and relations, human resource auditing involves reviewing HR practices and policies, and human resource allocation involves deciding how to allocate HR resources across different projects or areas.

Question 6

The advantage of attrition as a means of reducing an employee surplus is that:

Accepted Answer

Attrition involves allowing the workforce to reduce naturally through retirements, resignations, and other means without direct layoffs, which typically presents fewer problems such as morale issues or legal complications compared to forced reductions.

Question 7

Which of the following is defined as the separation of employees from the organization for economic or business reasons?

Accepted Answer

Layoffs refer to the separation of employees from the organization for economic or business reasons. Outplacement refers to providing assistance to laid-off employees in finding new employment. Attrition refers to the natural reduction in the workforce due to retirements, resignations, or deaths. Termination refers to the separation of employees due to poor performance or policy violations. Phased retirement refers to a flexible retirement option where employees can gradually reduce their work hours before fully retiring.

Question 8

Flexible work arrangements can do which of the following?

Accepted Answer

The answer of Flexible work arrangements can do which of...

Question 9

Markov analysis is particularly useful in organizations where:

Accepted Answer

Markov analysis is a method used to study and predict the movement of personnel between different job categories within an organization. It assumes that the probabilities of movement between jobs are constant over time and depend only on the current distribution of personnel within job categories. Therefore, it is most useful in organizations where job categories do not fluctuate rapidly due to external or internal changes. Options A, B, D, and E imply a high degree of instability, unpredictability, or rapid change, which may not fit well with the assumptions of Markov analysis.

Question 10

An organization facing a shortage in human capital is looking to implement a flexible work arrangement to enable its resources to be transferred when needed. Which of the following arrangements should they choose?

Accepted Answer

Floats and transfers refer to the practice of moving employees between different departments or locations within an organization based on business needs. This flexible work arrangement is ideal for an organization facing a shortage of human capital as it maximizes the use of existing resources and enables the organization to quickly adapt to changing business needs. Overtime and flexible retirements only address existing employees, while developing employees internally and job sharing may not provide the necessary flexibility to transfer resources as needed.

Question 11

Current and future impacts of the Canadian Human Rights Acts will have what effect on human resource planning?

Accepted Answer

The answer of Current and future impacts of the Canadian...

Question 12

Human resource planning helps identify what human resources are needed to:

Accepted Answer

Human resource planning helps identify what human resources are needed to ensure that the organization can respond to change.

Question 13

__________ is a managerial tool that can help managers make better decisions by providing them with the objective and reliable information needed to plan functions such as salary administration, training, and union-management negotiation.

Accepted Answer

Human resource accounting is the process of measuring and reporting the cost and value of people within an organization. It provides objective and reliable information about the cost of employee-related functions such as salary administration, training, and union-management negotiation, which can help managers make better decisions. Human resource auditing, Human relations accounting, Human relations accountability, and Human relations auditing are not relevant concepts in this context.

Question 14

Which of the following can be used to identify the internal supply of human resources for an organization?

Accepted Answer

Markov analysis is a statistical method used to predict the future movement of employees within an organization, helping to identify the internal supply of human resources.

Question 15

Which of the following refers to the systemic attraction, identification, development, engagement/retention, and deployment of those individuals with high potential who are of particular value to the organization?

Accepted Answer

Talent management refers to the systemic attraction, identification, development, engagement/retention, and deployment of those individuals with high potential who are of particular value to the organization. The other options are related to different aspects of human resource management, but do not specifically refer to talent management.

Question 16

Which of the following is a way for firms to deal with a human resource surplus?

Accepted Answer

The answer of Which of the following is a way...

Question 17

Which of the following methods of addressing shortages in human capital leverages the supply of existing employees within an organization?

Accepted Answer

Developing employees internally involves investing in the training and development of existing employees to fill skill gaps and career advancement opportunities. This method leverages the organization's existing workforce and can be more cost-effective than hiring new employees.

Question 18

When estimating external supply for human resources, considering information about demographic trends is:

Accepted Answer

Demographic trends, such as changes in population growth, aging, and education levels, can provide useful information for estimating external supply of human resources since these changes are often forecasted years in advance. They can help organizations prepare for future talent needs and adjust their recruitment strategies accordingly.

Question 19

Which of the following is a method of trend projection forecasting?

Accepted Answer

Trend projection forecasting involves analyzing past data and using it to predict future trends. Extrapolation is a method that involves extending past trends into the future to make predictions. The other choices are not methods of trend projection forecasting.

Question 20

__________ is the process of selecting, exploring, analyzing, and modelling data to create better business outcomes.

Accepted Answer

The process described in the question is known as predictive analysis, which involves utilizing data to forecast future outcomes and make proactive decisions that can improve business performance. Choice A (predictive tactics) and C (predictive planning) are similar to predictive analysis but are not as comprehensive in their approach. Choice B (proactive planning) and D (proactive analysis) do not accurately describe the full process of utilizing data for predictive analysis.

Quiz 3: Human Resource Planning