Using Seniority as a Basis for Promotion Appeals to Managers

question 1

Multiple Choice

Using seniority as a basis for promotion appeals to managers because:

• A) It has the potential to reduce turnover rates.
• B) It recognizes a worker's contributions to the success of the company.
• C) It rewards workers who have chosen to work long hours and undesirable shifts.
• D) It decreases the pool of workers from which managers must choose from.

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Definitions:

Outstanding Shares

The total number of shares of a company that are currently owned by shareholders, including those held by institutional investors and restricted shares owned by the company’s officers and insiders.

Dividends Paid

The portion of a company's earnings distributed to shareholders as a payment.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue, also known as net earnings or net profit.

Available-For-Sale Securities

These are debt or equity securities purchased with the intent of selling before they reach maturity, but are not actively traded, and are recorded at fair market value on the balance sheet.