In Recent Years, the Traditional Role of HR Has Expanded

question 66

Multiple Choice

In recent years, the traditional role of HR has expanded and its role has become one of integrating people, policies, and cultures. With this expansion, new responsibilities were added to an HR practitioners' responsibilities including:

• A) Employee relations
• B) Recognition and reward programs
• C) Disciplining
• D) All of the above
• E) Only a and b

Understand the importance and impact of sales mix on total profits and break-even points.

Comprehend the role of contribution margin ratio and contribution margin per unit in determining net operating income and break-even points.

Analyze the effects of changes in fixed and variable expenses on break-even points and overall financial performance.

Interpret the relationship between sales volume, contribution margin, and net operating income.

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Definitions:

Marginal Tax Rate

The rate at which the last dollar of a person’s income is taxed, reflecting the percentage of additional income that is taken in taxes.

Financial Distress

A situation where a company or individual cannot generate enough revenue or income to cover operating expenses or financial obligations.

Static Theory

A theory that analyzes economic variables without considering changes over time.

Business Risk

Business risk pertains to the potential for loss that a business faces from factors affecting its profitability or operational success, such as market competition and demand fluctuations.