Factors That Should Be Considered When Forecasting the Number and Type

question 54

Multiple Choice

Factors that should be considered when forecasting the number and type of people needed to meet organizational objectives include all of the following EXCEPT

• A)projected turnover.
• B)the financial resources available to each department.
• C)projected recruitment figures.
• D)the quality and nature of employees.
• E)decisions to upgrade the quality of products or services or enter into new markets.

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Definitions:

FIFO Amounts

The value of inventory computed under the First-In, First-Out method, assuming the items purchased or manufactured first are sold first.

Pretax Income

Pretax income is a company's earnings before tax, calculated as revenue minus expenses, excluding tax expenses, serving as an indicator of financial performance.

Beginning Inventory

The value of goods available for sale at the start of an accounting period, carried over from the end of the previous period.

Understated

A term describing financial statements or figures that are reported at amounts lower than their actual or true values.