Which of the Following Statements About Human Resource Planning (HRP)is

question 30

Multiple Choice

Which of the following statements about human resource planning (HRP) is NOT true?

• A)HRP is not strictly a human resource function.
• B)Many managers view HRP as something to do only after everything else has been done.
• C)Line managers should view HRP as one of their most important job responsibilities.
• D)Most managers consider HRP as one of their most important job responsibilities.

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Definitions:

Contribution Margin

The amount of revenue remaining after deducting variable costs, which contributes to covering fixed costs and generating profit.

Absorption Costing

A method of cost accounting that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.

Cost Behavior

The way in which a cost reacts or changes when there is a change in the level of business activity.

Variable Costing Format

An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.