Which of the Following Statements Is True of the HR

question 9

Multiple Choice

Which of the following statements is true of the HR department of small organizations?

• A) The HR department of small firms has specialized subunits, each with its own functions.
• B) Small firms usually provide extensive HR training.
• C) HR issues are relatively straightforward in small firms.
• D) Small firms usually have one full-time HR manager and a single secretary to assist the manager.

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Definitions:

Job-Order Costing System

An accounting method that tracks costs individually for each job, suitable for companies producing unique or custom products.

Predetermined Overhead Rate

A rate calculated before the manufacturing process begins, used to allocate manufacturing overhead costs to individual units of production based on a certain basis (e.g., machine hours or labor hours).

Machine-Hours

The total hours that machines are in operation during a specific period used as a measure for allocating costs or determining efficiency.

Job-Order Costing System

A costing method used to calculate the costs associated with individual jobs or orders, tracking direct labor, direct materials, and manufacturing overhead per job.