Justin, a Human Resources Manager for XYZ Company, Commits 5

question 23

Multiple Choice

Justin, a human resources manager for XYZ Company, commits 5% of the annual budget toward instituting a new program that rewards employees for effectively handling diversity.Justin is playing the role of a(n)

• A)monitor.
• B)entrepreneur.
• C)disseminator.
• D)negotiator.
• E)disturbance handler.

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Definitions:

Absorption Costing

An approach in accounting that comprises all costs of manufacturing, like direct materials, direct labor, and both types of manufacturing overheads (variable and fixed), in determining a product's cost.

Overproduction

The creation of more products or goods than are needed, leading to excess inventory and potential waste.

Variable Costing

An accounting approach that solely accounts for variable production expenses like direct materials, direct labor, and variable manufacturing overhead in the calculation of product costs.

Limitations

The constraints or restrictions that hinder a process, investigation, or analysis.