Which of the Following Conditions Is Most Likely to Encourage

question 47

Multiple Choice

Which of the following conditions is most likely to encourage the appointment of a human resource manager?

• A) Labor turnover rate is low
• B) Competition for personnel is low
• C) Employees are represented by a union
• D) There are 35 employees in the firm

Grasp the concept of sampling distributions and how they are used to estimate population parameters.

Understand the role and calculation of the standard error in statistical analysis.

Apply the continuity correction factor in approximating binomial probabilities with the normal distribution.

Identify conditions under which the normal distribution can be used as an approximation for the binomial distribution.

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Definitions:

Total Liabilities

The total of all financial obligations a company owes to external parties.

Retained Earnings

The portion of net earnings not distributed as dividends to shareholders but instead reinvested in the business or kept as a reserve.

Working Capital

The gap between what a firm owns in the short term (assets) and what it owes (liabilities), revealing its efficiency in operations and financial stability in the near term.

Accounts Receivable Turnover

A financial ratio that measures how many times a business can collect its average accounts receivable during a period, indicating how efficiently it manages credit extended to customers.