What Is the Purpose of a Skills Inventory

question 2

Multiple Choice

What is the purpose of a skills inventory?

• A) to plan and identify people for transfer or promotion
• B) to list key managerial positions
• C) to describe the specifications for a job
• D) to assess trends in previous human resource usage
• E) to hire people from outside the organization

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Definitions:

Predetermined Overhead

A calculated rate used to estimate the manufacturing overhead costs for a specific period, based on projected or historical data.

Job Cost Sheets

Documents that record and track the costs associated with a specific job or project.

Direct Materials

Fundamental materials directly identifiable in the creation of a product.

Direct Labor

The labor costs directly tied to the production of goods or the performance of services.