The Final Stage in the Human Resources Planning Process Is

question 105

Multiple Choice

The final stage in the human resources planning process is to

• A)evaluate the activities conducted to ensure that they are producing the desired results.
• B)discharge those employees determined to be ineffective at realizing organizational goals.
• C)implement the plans determined earlier in the planning process.
• D)evaluate the hiring and termination decisions made for legal compliance.
• E)ensure that the right number and types of people are available for hiring.

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Definitions:

Weighted-Average Method

A costing approach for inventory that determines the cost of goods sold and the final inventory value by averaging the cost of all available units for sale over the period.

Process Costing

An accounting methodology used to allocate the costs of producing products that are indistinguishable from each other and are produced in a continuous process.

Weighted-Average Method

A method for valuing inventory that determines the cost of goods sold and the final inventory value by computing the average cost of all products available for sale throughout the period.

Conversion Costs

The combined costs of direct labor and manufacturing overhead, which are incurred to convert raw materials into finished goods.