What is quality of work life? What is its relation to a firm's human resource strategy?
What will be an ideal response?
Quality of work life means a job that is not only reasonably safe and for which the pay is equitable but that also achieves an appropriate level of both physical and psychological requirements. Quality of work life is one of the two primary goals of a human resource strategy, the other of which is efficient utilization of people.
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The accounting and finance departments primarily use monetary data.
Answer the following statement true (T) or false (F)
The following data is given for the Happy Company: Budgeted production 1,000 units Actual production 980 units Materials: Standard price per lb $2.00 Standard pounds per completed unit 12 Actual pounds purchased and used in production 11,800 Actual price paid for materials $23,000 Labor: Standard hourly labor rate $14 per hour Standard hours allowed per completed unit 4.5 Actual labor hours
worked 4,560 Actual total labor costs $62,928 Overhead: Actual and budgeted fixed overhead $27,000 Standard variable overhead rate $3.50 per standard labor hour Actual variable overhead costs $15,500 Overhead is applied on standard labor hours. The direct labor time variance is: A) 912F B) 912U C) 2,100U D) 2,100F
Assembly line balancing is beneficial for all of the following reasons except?
a. Reduction in likelihood of bottlenecks b. Reduction in severity of bottlenecks c. Smoother product flow d. Lower product output levels
Which of the following factors is most suitable for determining when transfer of records should take place?
A. The value of the record B. The age of the record C. The frequency of the use of the record D. The size of the record