Human Resources Are

question 18

Multiple Choice

Human resources are:

• A) Valuable to the business but not owned or fully controlled by the business and as such not reportable as part of the wealth of the business
• B) Valuable to the business and recorded in the statement of financial position
• C) Valuable to the business but not recorded because they are difficult to quantify

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Definitions:

Incentive Plan

A reward system designed to motivate employees by offering bonuses, commissions, or other types of compensation based on performance.

Performance Rating

An evaluation of an individual's or machine's performance, often based on predefined standards.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values.

Observed Average Time

The mean time recorded for a task or activity, based on actual observations rather than theoretical calculations.