Figure 3-4

question 219

Multiple Choice

Figure 3-4.Botana Company constructed the following formula for monthly utility cost.Total utility cost = $1,200 + ($8.10 * labor hours)
Assume that 775 labor hours are budgeted for the month of April.
-Refer to Figure 3-4. Calculate the total variable utility cost for the month of April.

• A) $1,200.00
• B) $7,477.50
• C) $6,277.50
• D) $5,077.50

Recognize the role of environmental factors in influencing HR forecasting.

Distinguish between dependent and independent variables in a forecasting model.

Evaluate factors influencing the choice between quantitative and qualitative forecasting methods.

Understand the use of simulations and other models in identifying HR demand and supply bottlenecks.

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Definitions:

Valence

In psychology, the intrinsic attractiveness or aversiveness of an event, object, or situation.

Expectancy

The belief or anticipation that a certain action will lead to a desired outcome, often related to motivation.

Theory X

A management theory assuming that employees are inherently lazy and will avoid work if possible, necessitating control and coercion by management.

Conventional

Refers to what is traditional, accepted, or expected by society; often contrasted with innovative or unconventional methods or ideas.