1 Point Which of the following is a qualitative human resource forecasting method? Time series model Delphi technique Ratio analysis Regression analysis Question 34 1 Point Why are some individuals categorized into designated groups? because they have special skills and competencies because they have strong connections with the government because they are treated better than others because they need protection from employment discrimination Question 35 1 Point Employees' skills are based on tacit knowledge and experience gained from within the firm. What is this known as? Generic human capital Firm-specific human captial Human capital stock Human capital flow Question 36 1 Point HR forecasters must pay particular attention to monitoring which of the following human capital? workers with administrative skills workers with skills that are high in demand workers with financial skills workers with good communication skills Question 37 1 Point Which of the following refers to the process during which an organization defines the duties and tasks of positions together with their skills, knowledge and abilities required for each position? job design job analysis job description job specifications Question 38 1 Point Most Canadian organizations today tend to plan for their workforce based on the firm's immediate needs or gaps between human capital demand and supply. True False Question 39 1 Point In reference to HR forecasting, organizational requirements must take precedence over issues of resource constraint and scarcity. True False Question 40 1 Point What does "envelope" in a forecast outcome refer to? It projects current HR supply It is an estimate of the HR demand It sets the upper and lower boundaries for HR projection It is a single numeric estimate of HR requirements Question 41 1 Point Forecasting HR demand refers to determining the current need for human capital, the types of jobs and the number of positions required. True False Question 42 1 Point Which of the following is not a qualitative method of forecasting HR demand? Scenario Planning Nominal Group Technique HR Budgets Structured Equation Model Question 43 1 Point Unlike nominal group technique, experts using Delphi technique do not meet face-to-face. True False Question 44 1 Point Which of the following presupposes that a linear relationship exists between one or more independent variables. Structural Equation Modelling Time Series Model Regression Analysis Trend analysis Question 45 1 Point Generally, direct managerial input is most commonly used for determining workforce requirements. True False Question 46 1 Point Which of the following technique has no face to face meeting? Nominal group technique Scenario planning Delphi technique SWOT technique Question 47 1 Point Which of the following quantitative forecasting methods attempts to forecast future human captial needs by extrapolating from history changes in one or more organizational indices. Ratio analysis Trend analysis Time series Regression analysis Question 48 1 Point Time series method of forecasting permits the testing of multiple relationships simultaneously. True False Question 49 1 Point What is one disadvantage of the Delphi technique used in forecasting HR demand? Groupthink Introverted experts Time and costs Communication Question 50 1 Point Quantitative methods of forecasting is more useful where there is a great degree of uncertainty; where no formal planning or data collection occurs. True False Details & Information Assessment due date 2/9/24, 9:01 AM (EST) Time limit 75 minutes Automatic submission Attempts 1 attempt left Grading Maximum points 50 points