What are the three types of HR activities? Define them with examples.
What will be an ideal response?
Transactional activities involve day-to-day transactions that have to deal mostly with record keeping—for example, entering payroll information, employee status changes, and the administration of employee benefits. Traditional activities involve HR programs such as planning, recruiting, selection, training, compensation, and performance management. These activities can have strategic value for the organization if their results or outcomes are consistent with the strategic goals of the organization. Transformational activities are those activities that add value to the organization—for example, cultural or organizational change, structural realignment, strategic redirection, and increasing innovation.
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The early effects of an advertising campaign may be minimal, but over time gain momentum. This phenomenon is called:
A) diminishing returns B) threshold effects C) the sales-response curve D) carryover effect
In periods of falling prices, LIFO will result in a higher ending inventory valuation than FIFO
Indicate whether the statement is true or false
The following data relates to the Mass Company's first operating period. Calculate the total cost of goods sold for each product.?Cost/unitUnits?ProductDirect MaterialsDirect LaborProducedEnding InventoryOverhead rate (Percent of Direct Labor cost)A$10$1221511560%B81533018040%C141025020080%
What will be an ideal response?
If a company applies the lower-of-cost-or-market rule to the entire stock of inventory in the aggregate, its write-down of inventory is likely to be greater than if it applies the rule to individual items of inventory.
Answer the following statement true (T) or false (F)