In a Recent Meeting with the CEO and Top Executive

question 110

Multiple Choice

In a recent meeting with the CEO and top executive management team, an HR manager was asked to present several possible HR responses to the economic downturn, including layoffs. This responsibility best illustrates the HR manager's role as:

• A) Builder
• B) Navigator
• C) Change partner
• D) Controller

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Definitions:

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain those activities.

Margin Of Safety

The extent to which sales can decline before a business reaches its breakeven point.

Variable Expenses

Costs that change in proportion to the level of production or sales activities.

Break-even Point

The point at which total revenue equals total costs, resulting in neither profit nor loss for the business.