Which of the Following Is a Business Indicator of the Success

question 4

Multiple Choice

Which of the following is a business indicator of the success of the benefits programs implemented by the HR department of an organization?

• A) Communication of benefits to employees
• B) Fairness and consistency in the application of benefit policies
• C) Promptness in handling claims
• D) Average unemployment compensation payment
• E) Assistance provided to line managers in reducing potential for unnecessary claims

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Definitions:

First-In, First-Out

An inventory valuation method where the costs of the earliest goods purchased are the first to be recognized in determining cost of goods sold.

Equivalent Units

A concept used in cost accounting to convert partially completed goods into a number of fully completed units for inventory and cost calculations.

Yield Measures

Refer to the various ways to calculate the return on an investment, often considering interest or dividends received.

Materials Output

The quantity of materials produced or used in the production process within a specific period.