MGT 420 Exam 1 - Chapter 5 questions with verified answers

MGT 420 Exam 1 - Chapter 5 questions
with verified answers

what is forecasting? - correct answer ✔✔the attempts to determine the supply of and demand
for various types of HR to predict areas within the organization where there will be labor
shortages or surpluses



which part of the HR process is forecasting? - correct answer ✔✔planning process, the first step
in HR planning



what is the primary goal of forecasting? - correct answer ✔✔to predict which areas of the
organization will experience labor shortages or surpluses



strategies for eliminating labor surpluses - correct answer ✔✔downsizing, pay reductions,
demotions, transfers, work sharing, hiring freeze, natural attrition, early retirement, and
retraining



strategies for avoiding a shortage - correct answer ✔✔overtime, temporary employees,
outsourcing, retrained transfers, turnover reductions, new external hires, and technological
innovation



strategies for surpluses that have fast results and high suffering for employees - correct answer
✔✔downsizing and demotions



strategies for surpluses that have fast results and moderate suffering of employees - correct
answer ✔✔transfers and work sharing