In Order to Effectively Identify Career Opportunities and Requirements Within

question 62

Multiple Choice

In order to effectively identify career opportunities and requirements within an organization, the firm should assess and weigh the knowledge and skills that each of its jobs requires by using a

• A)competency analysis.
• B)job development assessment.
• C)skills inventory.
• D)human capital map.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account designed to predict the value of receivables that are expected to be uncollectible.

Direct Method

A cash flow statement preparation approach that lists major cash receipts and payments during the period.

Bad Debts Recovered

Previously written off debts that have unexpectedly been collected.

Allowance Method

An accounting technique used to estimate and account for bad debts, allowing companies to anticipate uncollectible accounts receivables.