Which Activities Do Human Resource Components Perform

question 272

Multiple Choice

Which activities do human resource components perform?

• A)Track employee information including payroll, benefits, compensation, performance assessment, and assumes compliance with the legal requirements of multiple jurisdictions and tax authorities.
• B)Handle the various aspects of production planning and execution such as demand forecasting, production scheduling, job cost accounting, and quality control.
• C)Manage accounting data and financial processes within the enterprise with functions such as general ledger, accounts payable, accounts receivable, budgeting, and asset management.
• D)None of the above.

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Definitions:

Market Equilibrium

A condition in which the quantity of goods supplied is equal to the quantity demanded, often resulting in an optimal price for products or services.

Purely Competitive Market

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price determination by supply and demand.

Equilibrium Output

The level of output where the quantity of goods produced equals the quantity of goods consumed, and the market is in balance.

Total Revenues

The full revenue obtained from the sale of goods or services, before taking out any expenditures.