The Information That Managers Need to Make Good Human Resources

question 29

Multiple Choice

The information that managers need to make good human resources decisions about how to train, motivate, and reward organizational members can be obtained through ________.

• A) recruitment
• B) induction
• C) training
• D) the performance appraisal

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Definitions:

Labor Rate Variance

The difference between the actual hourly wage paid to workers and the expected (or standard) wage rate, multiplied by the total hours worked.

Variable Overhead Rate Variance

Variable overhead rate variance is the difference between the actual variable overhead costs incurred and the expected (standard) costs, influenced by fluctuations in production activity levels.

Materials Price Variance

The difference between the actual cost of materials and the standard (or expected) cost, indicating how much more or less was spent on materials than was planned.

Labor Rate Variance

The difference between the actual cost of labor and the budgeted cost of labor at the standard rate.