Behavioural and Allied Sciences MCQ

Behavioural and Allied Sciences MCQ

361. Forecasts ______________

1. become more accurate with longer time horizons.
2. are rarely perfect.
3. are more accurate for individual items than for groups of items.
4. all of the above.

362. Which of the following is not a step in the forecasting process?

1. determine the use of the forecast.
2. eliminate any assumptions.
3. determine the time horizon.
4. select a forecasting model(s).

363. The forecasting model that pools the opinions of a group of experts or managers is known as the

1. sales force composition model.
2. multiple regression.
3. jury of executive opinion model.
4. consumer market survey model.

364. A forecast with a time horizon of about 3 months to 3 years is typically called a

1. long-range forecast.
2. medium-range forecast.
3. short-range forecast.
4. weather forecast.

365. The process of determining whether there are any subgroups, whose proportion in a given job category within a company is substantially different from their proportion in the relevant labor market is called:

1. adverse treatment analysis.
2. workforce utilization review.
3. subgroup reconciliation.
4. discrimination analyses.

366. Why is hiring new employees for every labor shortage not preferable?

1. The process is fast and can result in high human suffering.
2. It forces older employees to retire, though they may not want to retire soon.
3. Selecting new employee’s results in too many discrimination law suits.
4. When the shortage becomes a surplus, the organization may have to lay off employees.

367.An advantage of statistical forecasting methods is that:

1. under the right conditions, they provide predictions that are much more precise than judgmental methods.
2. they are particularly useful in dynamic environments.
3. they are particularly useful if important events that occur in the labor market have no historical precedent.
4. in the event of a legal dispute, they are easily understood by juries or a judge.

368. Which of the following uses three types of participants: decision makers, staff personnel, and respondents?

1. executive opinions.
2. sales force composites.
3. the Delphi method.
4. consumer surveys.

369. The three major types of forecasts used by business organizations are

1. strategic, tactical, and operational.
2. economic, technological, and demand.
3. exponential smoothing, Delphi, and regression.
4. causal, time-series, and seasonal.

370. In personnel forecasting, the HR professional tries to:

1. predict the number and types of legal challenges the company is likely to face within the year.
2. develop HR policies and practices in response to anticipated moves by major competitors.
3. determine the supply of and demand for various types of human resources.
4. anticipate trends within the HR field which are most likely to impact the success of current company operations.