1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Reptile [31]
3 years ago
7

discuss the costs and benefits associated with statistical versus judgmental forecasts for labor supply. under what condition mi

ght either of these technique be infeasible? under what conditions might both be feasible, but one more desirable than the other?​
Business
1 answer:
patriot [66]3 years ago
8 0

Answer:

The two methods used to forecasting labor demand and supply are: Statistical Method and Judgmental Method.

The Statistical method collects previous historic data regarding company's demand and supply for qualified employees and provides forecasting for the particular period. It is feasible when other factors remain same in the organisation. It is not feasible when the organisation changes its objectives, mission and vision etc

<u>Cost and Benefit</u>

It prevents future shortage of qualified employees

It avoids disruption over operation

The Judgmental method is when the company follow judgmental method, that is it is based on manager's experience of conducting survey to estimate employees requirements on future operation.

It is feasible for small and medium size organisation for short term forecast. It

<u>Cost and Benefit</u>

It avoids short-run shortage of employees

It avoids short-run surplus of employees.

You might be interested in
A loaf of bread cost $0.18 in 1955 and the CPI was 26.8. The CPI in 2013 was 233.
luda_lava [24]

Answer:1.56

Explanation

(0.18÷26.8) *233= 1.56

4 0
3 years ago
"Profit-sharing plans provide a more direct incentive in small firms than in large firms. are practically impossible to use succ
dusya [7]

Answer:

Provides a more direct incentive in small firms than in large firms.

Explanation:

Profit sharing plan can be defined as a contribution plan in which the management of a company shares part of its profit with the employees. This could motivate and inspire the employees to work efficiently towards the growth of the organisation.

Profit sharing plan gives the employees a sense of ownership, this would inspire them to work harder to ensure the success of the organisation.

7 0
3 years ago
Read 2 more answers
What type of residential survey, also called a drive-by survey, is designed to show the location of the house and other large st
Dvinal [7]

Answer:

It is called a "House Location" Survey, which is also sometimes called a "drive-by" survey, and its goal is to show the location of the house and other large structures on the property, as well as the orientation of those structures in relation to each other.

8 0
3 years ago
The government has set a price floor on bread. Manufacturers cannot sell loaves for less than $5.00, which is a dollar above the
insens350 [35]
The most likely result of this price control would be that the <span>demand for bread will fall, which could result in an excess supply. his excess supply in the market would ultimately force the hand of the manufacturers to stop the production of bread. I hope that this is the answer that has come to your help.</span>
3 0
4 years ago
Read 2 more answers
HELP! 20 POINTS!!!
Bingel [31]

The answer is D.)She would likely have to pay more than $55 at the time of purchase for the convenience of using her credit card.

There are always fees for using any type of credit card. Interests or not, you pay fees for the government. Lynn can pay even more if she doesn't pay the balance by the end of the month. Every time she uses the credit card, her balance fees rises. By the time she gets enough money to pay of the balance, her balance will be much bigger.

Hope this helps!!!

Please Mark Brainliest!!!

8 0
3 years ago
Read 2 more answers
Other questions:
  • Calculate GDP for an economy with exports of $5 trillion, investment of $1.5 trillion, consumption spending of $11 trillion, imp
    12·1 answer
  • Issued $25,000 of QCI stock for cash. Incurred $600 of utilities costs this month and will pay them next month. Incurred and pai
    6·1 answer
  • Jamison's gross tax liability is $7,255. Jamison had $2,450 of available credits and he had $4,050 of taxes withheld by his empl
    6·1 answer
  • At the beginning of the year, Camille purchased 300 shares of stock at $25.50 per share, then sold them at the end of the year f
    11·1 answer
  • Which of the following statements is CORRECT? Group of answer choices There are many types of unethical business behavior. One e
    6·1 answer
  • A customer value proposition is developed through an effective marketing mix that communicate about what to the customer?
    14·1 answer
  • Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has alw
    9·1 answer
  • How is my real friend please subscribe to my mom channel please​
    7·1 answer
  • Mount Snow Inc. operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season.
    10·1 answer
  • What term describes a ban or restriction on trade with another country?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!