The Three Primary Goals of Human Resource Management Are to Find

question 143

True/False

The three primary goals of human resource management are to find the right people, manage talent so that people achieve their potential, and maintain the workforce over the long term.

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Definitions:

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company’s balance sheet.

Labour Efficiency Variance

The difference between the actual hours worked and the standard hours allowed for the work performed, often used to assess workforce productivity.

Material Price Variance

The difference between the actual cost of materials and the expected (standard) cost, multiplied by the quantity of materials purchased.

Deliberate Inefficiency

Intentionally lowering productivity or efficiency for strategic reasons, such as reducing the risk of job cuts.