Typically,human Resource Planners Run into a Decision Situation,as They Usually

question 147

Multiple Choice

Typically,human resource planners run into a decision situation,as they usually find that

• A)the available supply of human resources is either less or greater than their future needs
• B)the available supply of human resources needed is equal to the supply
• C)demographics may interfere with labour supply
• D)it is more cost effective to do all hiring electronically
• E)even with a human resource surplus few people actually want to work

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Definitions:

Contribution Margin

The difference between the sales revenue of a product and its variable costs, providing insight into how much revenue contributes towards fixed costs and profit.

Fixed Expenses

Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, and insurance.

Opportunity Cost

The loss of potential gain from other alternatives when a particular alternative is chosen.

Variable Manufacturing Costs

Costs in manufacturing that vary with the level of production output, including direct labor, materials, and utilities.