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MIE 330 Exam 2 Questions and Correct
Answers/ Latest Update / Already
Graded
Identifying the numbers and types of employees the organization
will require to meet its objectives.
Ans: HR Planning
What are the three stages of HR Planning?
Ans: 1. Forecasting
2. goal setting/strategic planning
3. program implementation and evaluation
The attempts to determine the supply and demand for various types
of human resources to predict areas within the organization where
there will be labor shortages or surpluses.
Ans: Forecasting
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What are the three steps of forecasting?
Ans: 1. Forecast labor demand
2. determine labor supply
3. determine labor surplus or shortage
Constructing and applying statistical models that predict labor
demand for the next year, given relatively objective statistics from
the previous year is called ____________ analysis.
Ans: Trend Analysis
Objective measures that accurately predict future demand. (ex:
measures of the economy, etc.)
Ans: Leading Indicators
A forecasting technique for determining future staffing needs by
using ratio's between two variables.
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Ans: Ratio Analysis
A chart that lists job categories held in one period and shows the
proportion of employees in each of those job categories in a future
period.
Ans: Transitional Matrix
What is published by the Bureau of Labor Statistics to help examine
trends in the external labor market?
Ans: Occupational Outlook Quarterly & Monthly Labor Review
T/F: Goals should come directly from the analysis of labor supply and
demand
Ans: True
A set of knowledge and skills that make the organization superior to
competitors and create value for customers.
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Ans: Core Competency
Organizations are more likely to benefit from hiring and retaining
employees who provide a __________ ______________.
Ans: Core Competency
The planned elimination of large numbers of personnel with the goal
of enhancing the organization's competitiveness to promote future
competitiveness.
Ans: Downsizing
What are the four objectives of downsizing?
Ans: 1. Reduce Costs
2. Replace labor with technology
3. Mergers & Acquisitions
4. Move to more economical location
MIE 330 Exam 2 Questions and Correct
Answers/ Latest Update / Already
Graded
Identifying the numbers and types of employees the organization
will require to meet its objectives.
Ans: HR Planning
What are the three stages of HR Planning?
Ans: 1. Forecasting
2. goal setting/strategic planning
3. program implementation and evaluation
The attempts to determine the supply and demand for various types
of human resources to predict areas within the organization where
there will be labor shortages or surpluses.
Ans: Forecasting
,2 | Page
What are the three steps of forecasting?
Ans: 1. Forecast labor demand
2. determine labor supply
3. determine labor surplus or shortage
Constructing and applying statistical models that predict labor
demand for the next year, given relatively objective statistics from
the previous year is called ____________ analysis.
Ans: Trend Analysis
Objective measures that accurately predict future demand. (ex:
measures of the economy, etc.)
Ans: Leading Indicators
A forecasting technique for determining future staffing needs by
using ratio's between two variables.
,3 | Page
Ans: Ratio Analysis
A chart that lists job categories held in one period and shows the
proportion of employees in each of those job categories in a future
period.
Ans: Transitional Matrix
What is published by the Bureau of Labor Statistics to help examine
trends in the external labor market?
Ans: Occupational Outlook Quarterly & Monthly Labor Review
T/F: Goals should come directly from the analysis of labor supply and
demand
Ans: True
A set of knowledge and skills that make the organization superior to
competitors and create value for customers.
, 4 | Page
Ans: Core Competency
Organizations are more likely to benefit from hiring and retaining
employees who provide a __________ ______________.
Ans: Core Competency
The planned elimination of large numbers of personnel with the goal
of enhancing the organization's competitiveness to promote future
competitiveness.
Ans: Downsizing
What are the four objectives of downsizing?
Ans: 1. Reduce Costs
2. Replace labor with technology
3. Mergers & Acquisitions
4. Move to more economical location
