Which of the Following Is Linked to the Goal of Managing

question 31

Multiple Choice

Which of the following is linked to the goal of managing talent in organizations?

• A) Poor labour relations
• B) Lack of job analysis
• C) Low wages and salary
• D) Lack of HRM planning
• E) Training and development

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Definitions:

Standard Hours Allowed

The amount of time that should be taken to complete a specific amount of work, according to predefined standards.

Labour Rate Variance

The difference between the actual cost of labor and the expected (or standard) cost, based on the standard rate per hour.

Standard Cost Per Mip

Standard cost per MIP refers to the benchmark or predetermined cost assigned to manufacturing one unit of measurement or milepost in production, used for budgeting and performance evaluation.

Direct Labour

Compensation for employees who are directly involved in manufacturing products or providing services.