Which of the following is a standard used for measuring performance in human resource management?
A) Labour relations
B) Liquidity
C) Labour turnover
D) Sales expense
E) Labour absenteeism
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 3
The correct answer is option 3- ACE.
A) Labour relations, C) Labour turnover, E) Labour absenteeism are related with HRM.
B) Liquidity- standard for finance and accounting
D) Sales expense- standard for marketing
Standards used in Functional Areas to Gauge Performance
| Production | Marketing | Human Resource Management | Finance and Accounting |
| Quantity | Sales volume | Labour relations | Capital expenditure |
| Quality | Sales expense | Labour turnover | Inventory |
| Cost | Advertising expenditure | Labour absenteeism | Flow of capital |
| Individual job | Individual | Liquidity | |
| Performance | Sales-person’s performance |