Asked by Jordyn Hubnik on Mar 10, 2024
Verified
Which of the following is a volume efficiency measure?
A) benefit cost per employee covered
B) ratio of benefits expense to total operating expense
C) ratio of filled positions to authorized positions
D) cost per trainee per program
Volume Efficiency
The effective management of resources to produce the maximum possible output or volume of production at the lowest cost.
Expense Ratio
A measure of the cost of operating a fund, such as a mutual fund or an exchange-traded fund, expressed as a percentage of the fund's assets.
- Determine the diversity of measures and metrics utilized in HRM for the appraisal of policies and practices.
Verified Answer
AC
Alyssa ChisnellMar 10, 2024
Final Answer :
C
Explanation :
The ratio of filled positions to authorized positions is a measure of how efficiently an organization is using its staff resources in terms of volume. It indicates how well an organization is utilizing its authorized positions to fill them with actual staff members. Benefit cost per employee covered, ratio of benefits expense to total operating expense, and cost per trainee per program are not measures of volume efficiency.
Learning Objectives
- Determine the diversity of measures and metrics utilized in HRM for the appraisal of policies and practices.
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