Asked by Melissa Johnson on May 01, 2024
Verified
Which concept refers to a proposed sequence of events with its own set of assumptions and associated program details?
A) contingency plans
B) predictions
C) projections
D) scenarios
Contingency Plans
Plans to be implemented when severe, unanticipated changes to organizational or environmental factors completely negate the usefulness of the existing HR forecasting predictions or projections.
Scenarios
Proposed sequence of events with their own set of assumptions and associated program details.
- Become familiar with the critical aspects and theories of HR forecasting in organizational strategy.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
D
Explanation :
Scenarios refer to a proposed sequence of events with its own set of assumptions and associated program details. Contingency plans are strategies put in place to address potential future events, predictions are estimates of future outcomes based on existing data or trends, and projections are quantitative forecasts of future trends based on past trends and assumptions.
Learning Objectives
- Become familiar with the critical aspects and theories of HR forecasting in organizational strategy.
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