________ will tell you how long it will take you to earn enough ...

[robinn137]

________ will tell you how long it will take you to earn enough profit to cover your start-up investment.
 
  A) Payback
  B) ROI
  C) Return on sales
  D) Return on assets

Question 2

Explain the role of forecasting in human resource planning, the choices of forecasting techniques a planner has, and why an HR manager would choose one technique over another.
 
  What will be an ideal response?

[brbarasa]

Answer to Question 1

A

Answer to Question 2

Answer: Summary of suggested answer - There are two groups of forecasting techniques, quantitative and qualitative. Quantitative techniques project past history into the future. They offer more precision and accuracy than qualitative techniques but they require historical data. The relationships that affected past performance may not exist in the present or future. Also, quantitative techniques are most appropriate for large firms in relatively stable work environments. Qualitative techniques rely on expert subjective judgment. They may include any factor or condition that researchers feel may affect the labor pool. The subjective nature of these techniques results in less accurate estimates.

[robinn137]

TY

[brbarasa]

Happy to Help