Free Practice Questions for HRCI aPHRi Exam

The profit per employee is calculated as:

Profit per employee=Gross profitNumber of employees\text{Profit per employee} = \frac{\text{Gross profit}}{\text{Number of employees}}Profit per employee=Number of employeesGross profit​

Given:

Gross profit = $100,000

Number of employees = 100

Profit per employee=100,000100=1,000\text{Profit per employee} = \frac{100,000}{100} = 1,000Profit per employee=100100,000​=1,000

Comprehensive and Detailed in Depth Explanation:

An organization’s mission statement defines its fundamental purpose—why it exists and what it aims to achieve in the long term. It provides a clear direction for the organization’s activities and aligns employees with its core objectives.

Option A (Plan of action to achieve the goals of the organization): This describes a strategy or operational plan, not the mission.

Option B (Fundamental purpose of the organization): Correct, as the mission articulates the organization’s reason for being.

Option C (Shared beliefs of the people in the organization): This refers to organizational culture, not the mission.

 Impact of Workplace Accidents on the Bottom Line:

Lost workdays refer to the period employees are unable to work due to injuries or illnesses sustained on the job. This directly affects productivity and increases operational costs.

 Why Lost Workdays is Most Direct:

When employees are absent, organizations may face reduced output, increased overtime costs to cover shifts, or delays in meeting deadlines.

Indirect impacts like reduced morale or turnover can compound financial losses.

 Eliminating Incorrect Options:

B. Equipment repairs: While relevant, these costs are typically infrequent and less direct than lost productivity.

C. Insurance premiums: Premium increases occur over time and are a secondary consequence of workplace incidents.

D. Production costs: These may rise due to accidents, but lost workdays are a more immediate and measurable effect.

 International HR References:

Occupational Safety and Health Administration (OSHA): Provides frameworks for tracking workplace injuries and their financial impact.

ILO Guidelines on Occupational Safety and Health (2001): Discusses economic impacts of workplace injuries, including lost productivity.