HR Can Have an Important Part in Lowering Unemployment Insurance

question 37

Multiple Choice

HR can have an important part in lowering unemployment insurance costs for a company by:

• A) making it harder to fire employees.
• B) conducting exit interviews with discharged workers.
• C) offering employees a flexible benefits plan.
• D) setting up health insurance accounts for employees.

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Definitions:

Retrospective Adjustment

A change applied to the accounting records of prior periods to correct an error or implement a change in accounting principle.

Cumulative Effect

The aggregate impact of an accounting change or policy on a company's financial statements over time.

Average Cost

A method for inventory and cost of goods sold valuation, calculated by dividing the total cost by the number of items.

LIFO Method

Last In, First Out method; an inventory valuation technique where the most recently produced items are recorded as sold first.