Which Is the Most Expensive and Time -Consuming Phase of the Hiring

question 10

Multiple Choice

Which is the most expensive and time -consuming phase of the hiring process?

• A) polygraph exam
• B) interview
• C) background investigations
• D) medical and drug screening

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Definitions:

Variable Factory Overhead

Costs of manufacturing that fluctuate with the level of production output, such as utilities and raw materials.

Total Factory Overhead Cost Variance

The difference between the actual overhead costs incurred and the standard overhead costs previously estimated for a production process.

Standard Costs

Pre-determined or estimated costs of manufacturing a product or providing a service, used as targets or benchmarks.

Variances

Differences between planned financial outcomes and the actual results, used for budgetary control and operational analysis.