Small Firms Compete with Large Firms for Qualified Personnel,but They

question 48

Multiple Choice

Small firms compete with large firms for qualified personnel,but they have several potential advantages over large firms in attracting personnel.What is one of these advantages?

• A) Small firms usually pay higher wages.
• B) Individuals can become managers more quickly.
• C) Personnel can enjoy a larger pool of benefits.
• D) Employees work fewer hours and have less stress on average.

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Definitions:

Depreciation Expense

The systematic allocation of the depreciable amount of an asset over its useful life, representing wear and tear or obsolescence.

Profit on Sale-Leaseback

This refers to the gain a company realizes when it sells an asset and immediately leases it back from the buyer, thus continuing to use the asset without owning it.

Amortization

A process of gradually writing off the initial cost of an asset over a period.