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Businesses refer to their employees as human resources, and money spent on hiring or training employees can be described as an investment in human resources.
That depends. In a large enough business simply hiring the necessary statisticians is probably a better choice. In very small businesses the knowledge of statistics will probably be only a diversion that consumes time and effort better spent on other things and the budget would not permit hiring such specialists. It might be helpful in certain businesses of medium to medium-large size.
11.00
an amount of money spent
Money(time)
Total amount spent = $ 240000 % to be spent on Labor = 40% Amount to be spent on labor = 240000 * (40/100) = 96000 The company will spend $96000 on Labor.
Amount (temperature) or A(t)
£400
the amount of money you have spent
the amount of money you have spent
Per diem (Latin for "per day" or "for each day") is a daily allowance for expenses, a specific amount of money that an organization gives an individual per day to cover living and traveling expenses in connection with work done away from home or on tour. Per diem is also used as an adjective and an adverb.Per diem pay eliminates the need for employees to create expense reports documenting the amount spent while traveling on business for reimbursement. Instead, employers pay employees a standard daily rate without regard to the amount actually spent by the employee. Employees do not have to give back any money if they did not use all of the per diem for travel expenses.-source (wikipedia)
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