Which of the Following Best Describes Career Planning

question 57

Multiple Choice

Which of the following best describes career planning?

• A)a deliberate process through which someone becomes aware of personal skills, interests, knowledge, and motivations and establishes action plans to attain specific career goals
• B)the lifelong series of activities that contribute to a person's career exploration, establishment, success, and fulfillment
• C)a process of helping employees to better understand and develop their career skills and interests and to use these skills and interests most effectively
• D)the process of educating, instructing, and training subordinates as they develop their career interests and job skills

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Definitions:

Salvage Value

The estimated resale value of an asset at the end of its useful life, used in calculating depreciation expenses.

Annual Depreciation

The portion of the cost of a fixed asset that is expensed each year over its useful life.

Payback Period

The time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment, used as a measure of the investment's risk and profitability.

Discount Rate

The interest rate used to discount future cash flows to their present value, often used in investment appraisal and capital budgeting.