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Explain two concerns when interpreting the production-volume variance as a measure of the economic cost of unused capacity.
Employment Experience
The cumulative knowledge, skills, and understanding that an individual gains through participating in the workforce.
HR Supply
The availability of human resource talent that an organization can draw upon to meet its needs.
Employee Loyalty
The dedication and commitment of an employee to the organization, often reflected in their willingness to stay with the company long-term and contribute to its success.
Markov Model
A statistical model that predicts future states based on current events, widely used in fields like economics and speech recognition.
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