Which of the Following Refers to an HRM Function

question 25

Multiple Choice

Which of the following refers to an HRM function?

• A) production
• B) appraisal
• C) export
• D) import
• E) copyright protection

Grasp the concept of variable, fixed, and total costs in the short run and how they affect production decisions.

Understand how average variable cost (AVC), average fixed cost (AFC), and average total cost (ATC) are calculated and their significance in production cost analysis.

Identify the economic rationale behind investment decisions based on the comparison of marginal cost and marginal revenue.

Analyze how changes in output affect variable costs and total costs.

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Definitions:

Assignment Method

The assignment method is a mathematical technique used for allocating resources or tasks to units in an efficient manner, often used in operations research.

Job-Machine Combination

A matching process in operations management that involves assigning specific jobs to specific machines or workstations, optimizing for efficiency and output.

Optimal Assignments

The best possible allocation of tasks, resources, or personnel to jobs, projects, or roles based on specific criteria to maximize efficiency or outcome.

ConWIP Cards

Cards that control the amount of work in a work center, aiding input–output control.