In the Latter Part of the Twentieth Century a Country

question 21

Multiple Choice

In the latter part of the twentieth century a country whose global business success caused U.S.companies to reevaluate their approach to human resource management was

• A)Germany
• B)Great Britain
• C)France
• D)Japan

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Definitions:

Direct Labour

The workforce directly involved in the manufacturing process, whose wages are considered variable costs.

Long-Range Budgets

Financial plans that project revenues, expenses, and other financial details for a period of several years into the future.

Rolling Budgets

Budgeting method that continuously updates by adding a new budget period as the current period is completed, ensuring ongoing financial planning.

Budgeted Financial Statements

Financial statements that predict revenues, expenses, and net income based on the budget for a future period.