…………………Means to Process of Providing and Making Available to an Employee

question 35

Multiple Choice

…………………means to process of providing and making available to an employee, a planned, prepared and coordinated programme which will improve individual and organizational goals.

• A)Training
• B)Controlling
• C)Directing
• D)None of these

Identify the role of government spending and tax changes in managing economic expansions and contractions.

Learn the implications of fiscal policy actions (e.g., tax changes, spending adjustments) on the economy’s price level and potential output.

Discover the effects of fiscal policies on real GDP and the considerations for their effectiveness.

Understand the economic measures used by the Bush administration to stimulate the economy.

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Definitions:

Actual Costs

The true expenses incurred in the production of a product or the provision of a service, as opposed to estimated or budgeted costs.

Material Variance

Material variance is the difference between the actual cost of materials used in the production process and the expected (or standard) cost, used to analyze and control costs in manufacturing.

Standard Cost

Standard cost is an estimated or predetermined cost of performing an operation, producing a good, or delivering a service, under normal conditions, used for budgeting and assessing performance.

Materials Price Variance

The difference between the actual cost and the standard cost of materials multiplied by the quantity purchased.