When a Company's Employees Reflect the Demographic Makeup of the External

question 46

Multiple Choice

When a company's employees reflect the demographic makeup of the external labor market, then there is most likely ____ in the company.

• A) pluralism
• B) full structural integration
• C) an absence of prejudice and discrimination
• D) low levels of intergroup conflict
• E) increased bias

Apply the concept of variance analysis in different manufacturing scenarios to assess operational efficiency.

Understand and apply the concept of standard costing in manufacturing.

Calculate and analyze direct material variances including price and quantity variances.

Calculate and analyze direct labor variances including rate and efficiency variances.

---

Definitions:

Paid Vacation

Employer-provided benefit that offers employees paid time off from work, allowing them personal time while still receiving their usual compensation.

Health Insurance

Insurance coverage that pays for medical and surgical expenses incurred by the insured, often provided by employers or purchased individually.

Retirement Contributions

Money set aside into retirement accounts, such as a 401(k) or IRA, often with tax advantages.

Medicare

A federal health insurance program in the United States primarily for people who are 65 or older, but also for some younger people with disabilities.