Which Employment Field Is Especially Effective at Workforce Planning

question 16

Multiple Choice

Which employment field is especially effective at workforce planning?

• A) electrical utilities
• B) automotive
• C) higher education
• D) banking

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Definitions:

Markup Percentage

A ratio that shows how much a product’s selling price exceeds its cost, expressed as a percentage of the cost.

Variable Cost

Costs that vary directly with the level of production or service activity.

Contribution Margin

The difference between the sales revenue of a product and its variable costs.

Machine Time

The scheduled or actual time that a machine is set to operate or is operating, usually relating to production processes.