Felix Johnson Is a Senior HR Manager in a Global

question 11

Multiple Choice

Felix Johnson is a senior HR manager in a global conglomerate.He believes that an important factor contributing to international competitiveness is the ability of an organization to maximize its global human resources in the long run.With which of the following is Felix most likely to agree?

• A)Outsourcing is the most logical method of achieving economies of scale and maximizing benefits.
• B)Extensive training programs are unlikely to help organizations improve the quality of their workers.
• C)The promotion of women in international management is unlikely to positively impact an organization's competitiveness in the global business arena.
• D)Maximizing long-term retention through career management increases the odds in favor of global competitiveness.

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Definitions:

Process Costing

Process costing is an accounting methodology adopted by companies manufacturing homogeneous products, where the costs of production are accumulated by process or department and averaged over the units produced.

Weighted-Average Method

An inventory costing method that assigns the average cost of the goods available for sale to both ending inventory and cost of goods sold.

Process Costing

A costing method used for homogeneous products that are continuously produced, calculating costs for each process or department and averaging it over all units produced.

Equivalent Unit Cost

The costing method used in process costing that calculates the cost per unit taking into consideration the stage of completion of goods in process.