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djverab [1.8K]
1 year ago
11

all activities involved in determining an organization's human resources needs, as well as acquiring, training, and compensating

people to fill those needs is called:
Business
1 answer:
raketka [301]1 year ago
7 0

Human resource management (HRM) is the process of finding, selecting, deploying, and overseeing people for a business.

Human resources, or HRM, is another name for it (HR). The HR department of a corporation or organization is typically in charge of formulating, implementing, and monitoring the regulations governing workers and the interaction between the company and its employees.

In order to collectively refer to all of the individuals who work for the business, the phrase "human resources" was initially used in the early 1900s and then became increasingly popular in the 1960s.

<h3>Human resource management's importance</h3>

The purpose of HRM procedures is to manage the workforce so that the organization may fulfill its mission and uphold its culture. HR managers can, when done successfully, assist in the hiring of new employees with the qualifications needed to advance business objectives as well as assist in the training and development of current staff members to achieve goals.

Learn more about Human resource management here:

brainly.com/question/25443563

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Tanek Corp.'s sales slumped badly in 2017. For the first time in its history, it operated at a loss. The company's income statem
inn [45]

Answer:

(a) Compute the break-even point in dollars for 2017. (Round final answer to 0 decimal places.)

total variable costs per unit = $1,750,000 / 500,000 = $3.50

sales price per unit = $2,500,000 / 500,000 = $5

contribution margin per unit = $5 - $3.50 = $1.50

total fixed costs = $850,000

break even point in units = $850,000 / $1.50 = 566,667 units

break even point in $ = 566,667 units x $5 = $2,833,335

(b) Compute the contribution margin under each of the alternative courses of action.

alternative 1) $6 - $3.50 = $2.50

alternative 2) $5 - $3.75 = $1.25

(c) Compute the break-even point in dollars under each of the alternative courses of action. (Round selling price per unit to 2 decimal places and other calculations to 0 decimal places.)

alternative 1:

break even point in units = $850,000 / $2.50 = 340,000 units

break even point in $ = 340,000 units x $6 = $2,040,000

alternative 2:

break even point in units = $760,000 / $1.25 = 608,000 units

break even point in $ = 608,000 units x $5 = $3,040,000

Which course of action do you recommend?

If I had to choose between alternative 1 or 2, I would choose alternative 1.

6 0
3 years ago
What are the six stages of business
BartSMP [9]

Answer:

In all, there are six distinct stages: Planning, Presence, Engagement, Formalized, Strategic, and Converged. With Planning, companies set out to create a strong foundation for strategy development, organizational alignment, resource development, and execution.

7 0
3 years ago
If it costs 75,000 to pit on an event and total revenue is 135,000, how much profit did the concert bring in?
arlik [135]

60,000 fjenfefjofknfogvvfrvrvfv

4 0
3 years ago
The payback period is the period of time it takes an investment to generate sufficient cash flows to?
Debora [2.8K]

The payback period is the length of time it takes an investment to generate sufficient cash flows to enable the project to produce a positive annual cash flow.

What is the payback period for the cash flows?

The time frame needed for a project's financial inflows to more than equal its initial cash outlay is known as the payback period. This formula is helpful for risk reduction analysis since a project that produces a return quickly is less hazardous than one that produces the same return over a longer time frame.

Does positive cash flow mean profit?

Even though a corporation reports negative net income, it is still feasible for it to have positive cash flow. A corporation is financially sound and successful if its net income is positive. A corporation's increase in liquid assets indicates a positive cash flow if the company has positive cash flow.

Learn more about payback period: brainly.com/question/13978071

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8 0
2 years ago
During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
SCORPION-xisa [38]

Answer:

c. Work in Process   (Debit)           23,000

                      Factory Overhead  (Credit)         23,000

Explanation:

This would be the journal entry to record the factory overhead applied to production.

7 0
3 years ago
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