Who Is Directly Responsible for Anticipating and Responding to HR

question 87

Multiple Choice

Who is directly responsible for anticipating and responding to HR changes in the organization?

• A)specialists in HR strategic management
• B)HR development professionals
• C)HR management information systems professionals
• D)the CEO and board of directors of the organization

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Definitions:

Materials Quantity Variance

The discrepancy between what was actually used in terms of material for production and what was anticipated, times the standard cost for each unit.

Direct Material

Primary materials used in the making of a product that can be directly traced to the finished good.

Materials Price Variance

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

Labor Efficiency Variance

A measure used to assess the difference between the actual hours worked and the standard hours allotted to complete a task, multiplied by the standard hourly labor rate.