A Job Description Is a Statement of the Knowledge,skills,and Abilities

question 147

True/False

A job description is a statement of the knowledge,skills,and abilities needed by the person who is to perform a job,whereas a job specification is the statement of the tasks,duties,and responsibilities of the job to be performed.

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.

Hedge

An investment made to reduce the risk of adverse price movements in an asset, typically involving taking an offsetting position in a related security.

Spot Rate

The current price at which a particular currency can be bought or sold for immediate delivery.

Adjustment

An entry made in the accounts to correct a mistake or account for a transaction not reflected in the current financial statements.