More Jobs Today Are Found Through Referrals and Person-To-Person Contacts

question 106

Multiple Choice

More jobs today are found through referrals and person-to-person contacts than through any other method. Why is this?

• A)because people hired through referrals tend to demand lower salaries
• B)because using online sources to search for job candidates is completely worthless
• C)because people trust what they know and want to hire known quantities
• D)because companies like to openly advertise to get more candidates

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Definitions:

Managerial Accounting

This type of accounting focuses on providing financial information within a company to assist in decision-making and management.

Calculating Product Cost

Calculating product cost involves determining all the direct costs associated with the production of a product, including raw materials, labor, and overhead expenses.

Earnings Per Share

A financial metric that measures the amount of net income earned per share of stock outstanding.

Managerial Accounting

The process of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the purpose of achieving organizational goals.