An Effective Cost System Has Which of the Following Characteristic(s)

question 54

Multiple Choice

An effective cost system has which of the following characteristic(s) ?

• A)Decision focus
• B)Different costs for different purposes
• C)Cost benefit test
• D)All of the answers are correct.

Understand the procedures and purposes of job specification and job matching within an organization.

Analyze the impact of demographic trends on HR supply planning and the importance of long-term succession planning.

Grasp the reasons organizations have succession management programs and their expected outcomes.

Acknowledge the significance of leadership development activities as rated by HR managers.

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Definitions:

S Corporation

A special designation that allows corporations to pass income directly to shareholders and avoid double taxation.

Partnerships

A business structure where two or more individuals manage and operate a business in accordance with the terms and goals set out in a partnership agreement.

Revised Model Business Corporation Act (RMBCA)

A set of laws proposed to standardize the regulation of corporations in the United States, offering a template for state legislatures.

Incorporators

Individuals who participate in the creation of a corporation by preparing, signing, and filing its articles of incorporation with the relevant state authority.