What Is the Purpose of Strategic HRM

question 3

Multiple Choice

What is the purpose of strategic HRM?

• A)to ensure the effective functioning and survival of the organization and its members
• B)to implement the planning,timing,and delivery of an effective organizational strategy
• C)to motivate and attract employees who will internalize the organization's culture
• D)to emerge as an industry leader with numerous distinct competencies and a competitive advantage

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Definitions:

Variable Cost

Costs that change in proportion to the level of activity or production volume of a company.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit.

Actual Usage

The real amount of resources consumed or utilized in the production of goods or provision of services.

Standard Material

A benchmark or norm for the quality and type of materials used in the production of goods, aiding in cost control and budgeting.