Factors That Should Be Considered When Forecasting the Number and Type

question 87

Multiple Choice

Factors that should be considered when forecasting the number and type of people needed to meet organizational objectives include all of the following except

• A) projected turnover.
• B) the financial resources available to each department.
• C) projected recruitment figures.
• D) the quality and nature of employees.
• E) decisions to upgrade the quality of products or services or enter into new markets.

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Definitions:

Depreciation Expense

Depreciation expense refers to the allocation of the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up during a financial period.

Salvage Value

The estimated residual value of an asset at the end of its useful life, determining how much the asset can be sold for.

Book Value

The book value of an asset is its original cost minus any accumulated depreciation, representing its recorded value in the financial statements.

Land Improvements

Enhancements made to land, like landscaping or parking lots, that increase the property's value but have a finite, depreciable life.