It Is Sometimes Advantageous to Hire from Within Because It

question 59

Multiple Choice

It is sometimes advantageous to hire from within because it .

• A)eliminates the need to meet affirmative action regulations
• B)ensures that the best qualified person gets the job
• C)Is less costly, and helps maintain employee morale
• D)allows the firm to effectively use the "employment at will" strategy

---

Definitions:

Retained Earnings

The portion of net income not distributed as dividends but retained by the company to be reinvested in its core business or to pay debt.

Deficit

The amount by which expenses exceed income or liabilities surpass assets.

Retained Earnings Statement

A financial statement that shows the amounts of a company's profits that are kept within the business rather than paid out as dividends.

Corporation Income Statement

A financial statement that shows a company's revenues, expenses, and profits or losses over a specific time period.