Which of the Following Statements Is True of the Functions

question 82

Multiple Choice

Which of the following statements is true of the functions of human resource management?

• A) It is a clerical operation in large companies concerned with payroll and employee records.
• B) It refers to a department which looks into the legal ramifications of policies and procedures that affect only the employees in an organization.
• C) It is a function concerned with costs, planning, and the implications of various strategies for organizations.
• D) It refers to a design of formal systems in an organization to manage human talent for accomplishing organizational goals.

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Definitions:

Cost Drivers

Factors that cause a change in the cost of an activity, impacting the economic amount associated with production or delivery of a service.

Variable Costs

Costs that vary in direct proportion to changes in production or sales volumes, such as raw materials and direct labor.

Fixed Costs

Costs that do not change with the level of output or production, such as rent, salaries, and insurance.

Predetermined Overhead Rate

A rate used to allocate overhead costs to products or job orders, calculated based on estimated overhead costs and an allocation base at the beginning of a period.