ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Inflows and outflows
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Turnover rate
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Conditions of work and absenteeism
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All of the these
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Detailed explanation-1: -Markov Analysis technique of forecasting is used to determine internal supply of manpower.
Detailed explanation-2: -The top five methods for quantitative forecasting in supply chain management are: Simple moving average. Adaptive smoothing. Autoregressive integrated moving average.
Detailed explanation-3: -The 5 key methods used to forecast labor include historical analysis, market research, the Delphi method, quantitative analysis, and managerial assessments.
Detailed explanation-4: -The Delphi method is a process used to arrive at a group opinion or decision by surveying a panel of experts. Experts respond to several rounds of questionnaires, and the responses are aggregated and shared with the group after each round.
Detailed explanation-5: -Internal supply of human resource available by way of transfers, promotions, retired employees & recall of laid-off employees, etc. Source of external supply of human resource is availability of Laboure force in the market and new recruitment. External supply of human resource depends on some factors mentioned below.