Final answer:
Management forecasts, skills and management inventories, Markov analysis, and replacement charts are not direct measures of an organization's demand for labor but are tools for workforce planning and role succession. The demand for labor is assessed through demand and supply analysis, measuring price by salary or wages and quantity by the number of workers or hours worked.
Step-by-step explanation:
To answer the question, which measure an organization's demand for labour is captured by, neither management forecasts, skills and management inventories, Markov analysis, nor replacement charts directly measure an organization's demand for labor. Instead, these tools are used for different purposes such as predicting future labor needs, assessing existing workforce skills, understanding employee movement through roles, and planning for future employee replacements, respectively.
In the demand and supply analysis of labor markets, we measure the price by the annual salary or hourly wage received. The quantity of labor can be measured in various ways, including the number of workers or the number of hours worked. This analysis helps to understand how factors like technological changes influence the demand for different skill levels, as depicted in Figure 4.3, showing that technology can reduce the demand for low-skill labor while increasing the demand for high-skill labor.