Question 21 (1 point)

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Trend analysis is a __________________ technique used in HR planning/forecasting.

Question 21 options:

	judgmental
	subjective
	qualitative
	quantitative

Question 22 (1 point)

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[Sales are recorded in $ thousands]. Chi Cosmetics achieved sales of $2,900 in 2021 with a total of 158 employees. Sales for 2022 are expected to reach $3,280. Use the B.I. ratio for 2021 to determine the total number of employees needed in 2022.

Question 22 options:

	155 employees
	179 employees
	196 employees
	150 employees

Question 23 (1 point)

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In the process of HR forecasting, when would it be better to recommend hiring an external candidate rather than an internal candidate?

Question 23 options:

	if HR forecasts predict an exceptopnal decrease in graduation rates from well-known and established universities in Ontario.
	if too many of the internal candidates aaaaaare motivated to change jobs
	if you are introducing a new product that is totally different from anything currently done in the organization
	if you can hire the external person for $50 less than you would pay the internal candidate

Question 24 (1 point)

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Given this simple regression forecasting model Y = 0.87 + 7.84X, what does the 7.84 represent?

Question 24 options:

	the additional number of employees the organization would need every time sales increase by the unit $ value
	even when the company has no sales, it will still need to have 7.84 [or 8] employees
	that sales depends on having 7.84 employees
	only when sales increase by $7.84m, will more employees be needed

Question 25 (1 point)

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Typically, how is the demand estimate reached by the experts when we use the NGT judgmental forecasting technique?

Question 25 options:

	by consensus after all the questionnaires have been returned to the HR coordinator
	when all the experts answer the questions on the questionnaire correctly
	after the team has discussed the issue, the solutions are ranked and a secret vote is taken
	repeated discussions among group members

Question 26 (1 point)

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In the following budget table, the current level of sales = $9m. If sales increase by 28%, what would happen to the demand for electrical technicians?

[Sales are in $millions]	$1 - $5	$6 - $10	$11 - $15	$16 - $20
President/CEO	1	1	1	1
Vice President	2	2	2	3
electrical engineers	3	5	8	10
electrical technicians	3	5	9	9
quality control technicians	2	5	8	10
admin. assistants	3	5	9	12

Question 26 options:

	there would be no change in the demand for electrical technicians
	the company would need to hire 4 additional electrical technicians
	the company would need to layoff 2 electrical technicians
	the demand for electrical technicians would be same as for electrical engineers

Question 27 (1 point)

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Given the following, determine the average B.I for the years of historical data.

Year Sales ($'000) # of employees

2018 $3,150 210

2019 $3,995 260

2020 $4,860 315

Question 27 options:

	15.00
	45.80
	15.43
	15.27

Question 28 (1 point)

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When HR demand is less than HR supply, one option HR can use to manage the workforce is:

Question 28 options:

	use more part-time workers
	develop plans to hire externally
	introduce a hiring freeze
	use contract workers

Question 29 (1 point)

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Using the linear regression equation Y = 0.75 + 7.52(X), calculate the change in the # of employees needed, when current sales of $6m, increase to $8m

Question 29 options:

	15
	46
	18
	61

Question 30 (1 point)

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What type of probability is associated with an individual's movement behaviour in a specific job in the Markov model?

Question 30 options:

	transitional probabilty
	movement probability
	promotion probability
	strategic probability