In the Context of the HRM Plan, Which of the Following

question 14

Multiple Choice

In the context of the HRM plan, which of the following goal statements aims at a specific goal?

• A) "Meet the hiring needs of the organization."
• B) "Develop training to meet the needs of the organization."
• C) "Ensure that all employees are compensated in accordance with their skill and performance."
• D) "Hire ten people with the requisite skills to meet the work demands of this quarter based on the sales forecasts."
• E) "Implement programs to assess and reward employees for their performance."

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Definitions:

Predetermined Overhead Allocation Rate

This rate is calculated before the accounting period begins and is used to allocate overhead costs to products or services based on a specific activity base.

Direct Labor Cost

The wages and benefits paid to workers who are directly involved in the production of goods.

Equivalent Units

A term used in cost accounting to represent a conversion of partially completed goods into a number of fully completed units.

Direct Materials

Raw materials that are directly traceable to the production of a specific good or service and directly incorporated into the final product.