Examlex

Solved

The HR Department of a Large IT Firm Is Responsible

question 8

Multiple Choice

The HR department of a large IT firm is responsible for recruiting and training qualified employees for all the other departments within the organization.In essence,they are the suppliers of workers,and the various organizational departments needing workers are their customers.Under the given circumstance,identify the role played by the human resource department.


Definitions:

Overhead Costs

The indirect expenses related to the general operation of a company, such as utilities, rent, and administrative salaries, which cannot be directly attributed to specific products or services.

Indirect Costs

Expenses not directly tied to the production of goods or services, such as overhead, utilities, and administration costs.

Allocation Method

A method used in accounting and finance to distribute costs or revenues among different departments, products, or projects based on certain criteria.

Plantwide Overhead Rate

A single overhead absorption rate used throughout a manufacturing plant for allocating indirect costs to products.

Related Questions