Your Colleague Wishes to Find a Position with Another Employer

question 52

Multiple Choice

Your colleague wishes to find a position with another employer and has asked you to define what is meant by networking as a career development tool.You advise her that

• A)it involves asking a contact for a job.
• B)the objective is to let people know about yourbackground and career goals and to share information so both parties benefit.
• C)the objective is to let people know about background and career goals and to share information so the job seeker benefits.
• D)the objective is to provide information so the employer can decide if the job seeker is the right candidate.
• E)personal networking involves speaking to external professional contacts about career goals but not to colleagues within the organization.

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Definitions:

Retail Method

An accounting method for inventory valuation in which ending inventory and cost of goods sold are determined by applying a constant gross margin percentage.

Inventory Cost

The total cost associated with acquiring, holding, and processing inventory, including purchase costs, storage fees, and handling charges.

Estimated Cost

The anticipated cost or price of an item, service, or project based on current information, forecasts, and analyses before actual costs are incurred.

Estimated Method

An approach that involves approximating financial figures or outcomes based on available data and educated assumptions.