If a Good Decision Is Made When Hiring an Applicant,this

question 38

Multiple Choice

If a good decision is made when hiring an applicant,this would be an example of a

• A)false positive.
• B)false negative.
• C)true positive.
• D)true negative.

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Definitions:

Net Loss

Occurs when total expenses exceed total revenues during a specific period of time, indicating negative profitability.

Liabilities

Financial obligations or debts owed by a company to others, which must be settled over time by transferring economic benefits.

Expenses

The costs incurred in the process of generating revenue, such as rent, utilities, and salaries.

Revenues

The income generated from normal business operations and includes discounts and deductions for returned merchandise. It serves as the starting point for determining net income.