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WorksheetsU6 LOC: HR (Production) + Labour Market Analysis quiz 1
Total questions: 8
Worksheet time: 8mins
Which one is NOT a factor of production?
Enterprise
Land
Water
Labour
Why is the HR department/functional area so important? Give at least 2 responses for this please.
The HR department/functional area have expert knowledge of the labour market?
False
True
Missing words: The labour market is focused on the ? and demand of ? active people (any person who is willing and able to work) and the jobs which exist in the same market.
supply, economically
labour, market
economic, supply
market, analysis
The organisation who gather information in the UK is known as The Office for National Statistics
True
False
Labour market analysis could include ...
Both of these
demands and requirements of the business's workforce
the skillset, experience and qualification requirements of employees
Businesses need to continually analyse their operations and the market they operate within to effectively forecast future labour demands.
True
False
No idea
We are looking at HR as a factor of production and we are focusing on the ? element (what's the missing word?)
(a)
