Each of the Following Statements About Occupational Market Conditions Is

question 62

Multiple Choice

Each of the following statements about occupational market conditions is true except that

• A)HRDC forecasts are useful for determining whether any projected imbalances will be self-correcting.
• B)in recent years, there has been an undersupply of nurses.
• C)HRDC is a good source of information on occupational demand and supply.
• D)organizations generally want to forecast the availability of potential candidates in specific occupations.
• E)in recent years, there has been an oversupply of IT specialists.

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Definitions:

Activity Cost Pools

A grouping of all costs associated with a particular activity, used in activity-based costing to allocate costs more accurately to products or services.

Plantwide Overhead Allocation

A method of allocating indirect costs to products based on a single overhead rate used throughout an entire plant or company.

Budgeted Costs

Estimated financial expenditures forecasted for a specific future period, often categorized by type or department.

Departmental Overhead Rates

The allocation of indirect costs to specific departments based on a predetermined formula, used to accurately assign costs to products based on the departments they pass through.