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NEW QUESTION: 1
Henry is the Senior HR Professional for his organization which manufactures automobile parts. His organization has plants throughout the US. Management has informed Henry that a plant in Alabama will be closing. 650 jobs will be eliminated as a result. How many days is Henry's organization required to give notice before the plant may close?
A. 30 days
B. 90 days
C. 60 days
D. 120 days
Answer: C
Explanation:
Explanation/Reference:
Answer option B is correct.
Under the Worker Adjustment and Retraining Notification Act, the company is required to give at least 60 days notice of the plant closing.
Answer option A is incorrect. The company is required to give employees 60 days notice, not 30 days notice.
Answer option C is incorrect. The company is required to give employees 60 days notice, not 90 days notice.
Answer option D is incorrect. The company is required to give employees 60 days notice, not 120 days notice.
Reference: Professional in Human Resources Certification Study Guide, Sybex, ISBN: 978-0-470-43096-5.
Chapter Four: Workforce Planning. Official PHR and SPHR Certification Guide, HR Certification Institute, ISBN: 978-1-586-44149-4, Section III, The US Body of Knowledge.
Chapter: Workforce Planning and Employment
Objective: Staffing Programs

NEW QUESTION: 2
Incumbents are important in the job analysis process because ____________.
A. They may have the most detailed information about their own duties and responsibilities
B. None of the above
C. They canprovide a more objective and consistent approach to analyzing job content
D. They can provide important validation of incumbent input
Answer: A

NEW QUESTION: 3
Which of the following statements describes the critical path?
A. It cannot be crashed.
B. It shows the project's earliest date for completion.
C. It is always one path with the longest duration.
D. It is the shortest path in the project network diagram.
Answer: B

NEW QUESTION: 4
For a hypotherical UoM, the number of losses in two non-overlapping datasets is 24 and 32 respectively. The Pareto tail parameters for the two datasets calculated using the maximum likelihood estimation method are 2 and 3. What is an estimate of the tail parameter of the combined dataset?
A. Cannot be determined
B. 2.23
C. 2.57
D. 0
Answer: C
Explanation:
Explanation
For a number of processes, including many in finance, while a distribution such as the normal distribution is a good approximation of the distribution near the modal value of the variable, the same normal distribution may not be a good estimate of the tails. For this reason, the Pareto distribution is one of the distributions that is often used to model the tails of another distribution. Generally, if you have a set of observations, and you discard all observations below a threshold, you are left with what are called 'exceedances'. The threshold needs to be reasonably far out in the tail. If from each value of the exceedances you subtract the threshold value, the resulting dataset is estimated by the generalized Pareto distribution.

The Pareto distribution has a 'shape parameter'. The average of two Pareto distributions with tail parameters 1 and 2 ( is a Greek character, pronounced as 'sai' (saa-eee)), is the weighted average of 1 and 2 with weights proportional to the number of observations in the datasets underlying the distributions.

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