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NEW QUESTION 41
Mathematical forecasting is also known as quantitative forecasting. Which one of the following statements best describes mathematical forecasting techniques?

• A. The best predictor of future performance is structured reviews of current performance.
• B. The predictor of future performance is risk analysis of possible outcomes.
• C. The best predictor of future performance is past performance.
• D. The best predictor of future performance is statistical analysis of past performance results.

Answer: C

NEW QUESTION 42
The management and union are proceeding to an arbitration hearing that will be conducted by an arbitration panel. Which one of the following best describes the makeup of the arbitration panel?

• A. There are three arbitrators, all of whom are selectedby the party not bringing the grievance.
• B. There are three arbitrators, one selected by the management, one selected by the union, and a neutral arbitrator whom both management and union approve of.
• C. There are three arbitrators all of whom must be approved to participate by the management and the union.
• D. There are three arbitrators all of whom are randomly selected to serve from a pool of pre-approved management and union arbitrators.

Answer: B

NEW QUESTION 43
As an HR Professional you should be familiar with the terminology, practices, and rules governing unions and management in the bargaining process. There are three primary types of bargaining that management and unions participate in. Which one of the following bargaining types aims to generate a variety of options before settling on one?

• A. Good faith bargaining
• B. Interest-based bargaining
• C. Distributive bargaining
• D. Integrative bargaining

Answer: B

NEW QUESTION 44
Which of the following are the benefits of gainsharing programs? Each correct answer represents a complete solution. Choose three.

• A. Enhances employees focus and awareness
• B. Aligns employees to organization goals
• C. Helps organization to achieve improvement in key performance measures
• D. Employees are paid on the basis of group performance rather than individual performance

Answer: A,B,C

NEW QUESTION 45
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