If the Region or Country Where a Company Is Located

question 70

Multiple Choice

If the region or country where a company is located is experiencing a labor shortage, what should the company's management do?

• A)downsize the staff
• B)rightsize the staff
• C)increase training budgets
• D)decrease remedial budgets
• E)suspend the recruitment process

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Definitions:

Standard Labour Hours

The number of labor hours predetermined as necessary to complete a job or task under normal conditions.

Actual Labour Hours

The actual amount of labor time spent on a particular job or task, measured in hours.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity of materials that should have been used according to standards.

Standard Quantity

The expected or budgeted quantity of materials, labor, or overheads necessary for producing a unit of production or service under specified conditions.