Answer the following statements true (T) or false (F)
1. We should always consider a viable and financially feasible way to solve internal labor shortages, including recruiting new employees, overtime, and outsourcing.
2. When considering using overtime, we must determine the effect on our current employees’ job satisfaction.
3. It is not necessary to identify the effective labor market for your organization; any labor market arrangement will yield results.
4. External recruiting involves filling job openings with current employees or people the employees know.
5. One of the strengths of public agencies is that they heavily prescreen recruits.
1. True
2. True
3. False
4. False
5. False
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Referring to Table 11.3, the cross-exchange rate between the euro and Swiss franc is approximately
a. .68 euros per franc.
b. .68 francs per euro.
c. .64 euros per franc.
d. .64 francs per euro.
Which of the following statements is not true of Millennial employees?
A. They want acclaim and think everyone should get a trophy. B. They are racially and ethnically diverse. C. Many are burdened by financial hardships. D. Many live with their parents. E. Many are unable to afford their own homes due to student-loan debt.
Service organizations do not develop standard rates for which of the following?
A) Any service costs B) Overhead C) Direct materials D) Labor
Blair Stationery Company is a price-taker and uses target pricing
The company has just done an analysis of its revenues, costs, and desired profits and has calculated its target full product cost. Assume all products produced are sold. Refer to the following information: Target full product cost $510,000 per year Actual fixed cost $260,000 per year Actual variable cost $3 per unit Production volume 152,000 units per year Actual costs are currently higher than target full product cost. Assuming that fixed costs cannot be reduced, what are the target total variable costs? A) $260,000 B) $456,000 C) $250,000 D) $510,000