What is the main purpose of the cost-based method of Human Resource Valuation?Option To calculate entertainment expenses To determine the expenses related to human resources None of all To focus on strategic planning
Question
What is the main purpose of the cost-based method of Human Resource Valuation?Option To calculate entertainment expenses To determine the expenses related to human resources None of all To focus on strategic planning
Solution
The main purpose of the cost-based method of Human Resource Valuation is to determine the expenses related to human resources. This method focuses on the costs associated with recruiting, hiring, training, and maintaining an organization's human resources. It helps in understanding the financial impact of employee turnover, training expenses, and other related costs on the organization. This information can be used for strategic planning and decision-making related to human resources.
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