Submitted by InfoQueenReg on January 7, 2008

• Category: Business
• Words: 916
• Pages: 4
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Cost Descriptors

Cost Descriptors Paper
Imagine a professional organization where budgetary items may not be completely understood by the leadership of the human resource (HR) manager. During executive budgetary meetings, there is plenty of opportunity for all department leaders to ask questions to further understand the costs and what budgets are being approved with all respective departments with the organization. How effective can the HR manager be without complete understanding of the entities of a budget? This paper will give examples and explain the following costs: fixed, variable, direct, indirect, sunk, marginal, and total costs they will be able to assist the HR manager to better...

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