Information on Evolving Technologies, Industry Staffing Practices, Projected Economic Trends

question 90

Multiple Choice

Information on evolving technologies, industry staffing practices, projected economic trends, the particular company's future business ventures, new products, and projected expansions or contractions of certain product lines can be helpful in predicting

• A) human resources supply.
• B) the level of industry unemployment.
• C) human resources demand.
• D) the quality of new applicants in the job market.
• E) trends in the global market with regard to new skills.

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Definitions:

Inventory Holding Gains

Inventory holding gains are the increases in value of inventory the company holds due to price increases, not yet realized through sales.

Liquidation

The process of bringing a business to an end and distributing its assets to claimants, usually when the company is unable to meet its financial obligations.

LIFO

Last In, First Out, an inventory accounting method where the last items added to inventory are the first ones to be used or sold, affecting cost of goods sold and inventory valuation.

Replacement Cost

The cost to replace an asset with another of similar nature and quality in its current condition.