For a Business Conducting an HRM Audit,which of the Following

question 115

Multiple Choice

For a business conducting an HRM audit,which of the following will serve as an important customer satisfaction measure in assessing the success of training programs conducted by HR?

• A) the percentage of employees participating in training programs per job family
• B) the percentage of employees receiving tuition refunds
• C) per capita (average)merit increases
• D) training dollars per employee
• E) the quality of introduction or orientation programs

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Definitions:

Safety Stock

Additional inventory held to guard against stockouts, ensuring that a sufficient quantity of goods is available to meet demand fluctuations.

Review Period

The time interval between evaluations or assessments of a project, process, or system to ensure it meets its objectives and to identify necessary adjustments.

Optimal Order Quantity

The most cost-efficient quantity of items to order that minimizes holding costs and ordering costs in inventory management.

Holding Cost

The expense incurred from storing inventory over a period, including costs related to warehousing, depreciation, insurance, and obsolescence.