Match the Term with Its Definition

question 1

Multiple Choice

Match the term with its definition. Some terms may not be used.
-An outline of the work to be performed for a particular position

• A)Cafeteria plan
• B)Employee training
• C)Job description
• D)Job Instruction Training
• E)Job specification
• F)On-the-job training
• G)Reliability
• H)Validity

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Definitions:

Credit Periods

The time frame offered by a seller to a buyer to pay for the goods or services purchased on credit.

Consumer Demand

The desire coupled with the purchasing power for specific goods or services that consumers are willing and able to buy at a given time.

Optimal Credit Policy

The credit terms that balance the costs and benefits to the firm, maximizing profitability while minimizing risk.

Accounts Receivable Period

The average number of days it takes a company to collect payments owed by its customers, indicating the efficiency of a company's credit and collections policies.