Human Resources Managers Need Management Information in All Except Which

question 2

Multiple Choice

Human resources managers need management information in all except which of the following areas?

• A) wage levels and benefits packages
• B) financial ratios
• C) employment practices legislation
• D) union activities
• E) the firm's growth plans

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Definitions:

Temporary Difference

A discrepancy between the tax basis of an asset or liability and its carrying amount on the balance sheet, which will eventually settle and affect taxable income.

Book Income

A company's income as reported in its financial statements, representing the difference between revenues and expenses.

Income Tax Rate

The portion of a person's or company's earnings that is handed over to the state in the form of taxes.

Deferred Income Tax Liability

A tax obligation that a company owes but has not yet paid, resulting from temporary timing differences between its accounting earnings and its taxable income.