Assuming Costs Are Represented on the Vertical Axis and Volume

question 49

Multiple Choice

Assuming costs are represented on the vertical axis and volume of activity on the horizontal axis, which of the following costs would be represented by a line that is parallel to the horizontal axis?

• A)total direct material costs
• B)a consultant paid £75 per hour with a maximum fee of £1,200
• C)employees who are paid £10 per hour and guaranteed a minimum weekly wage of £200
• D)rent on exhibit space at a convention

Understand the terminology used in HR forecasting, such as projection and envelope.

Recognize the role of environmental scanning and firm strategy in acquiring knowledge, skills, abilities, and competencies.

Understand the importance of organization design in influencing organizational success.

Recognize the focus of workforce planning in Canadian organizations and its impact on HR practices.

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Definitions:

Procedure

A set of established steps or actions designed to achieve a specific task or to maintain a standard of operation.

Legends

Traditional stories or myths passed down through generations, often with historical roots, though embellished over time.

Controversial Reports

Documents or publications that present information or viewpoints that are disputed, debated, or likely to provoke disagreement or discussion.

Complex Graphs

Visual representations of data that involve multiple variables or intricate relationships, requiring detailed analysis to understand.