Last Summer, Palesa Applied for Three Jobs

question 66

Multiple Choice

Last summer, Palesa applied for three jobs.The first required a CV, but nothing else.The second required both a CV and a long personal statement.The third required a CV and indicated that a long personal statement was optional (recommended but not required; Palesa went ahead and wrote one anyway) .Suppose that Palesa was turned down by all three jobs.Which rejection was she probably MOST upset about?

• A)The rejection by the first job
• B)The rejection by the second job
• C)The rejection by the third job
• D)The rejections by the second and third jobs (equally)

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Definitions:

Retained Earnings

The portion of net income that is not distributed as dividends to shareholders but is kept by the company for reinvestment or to pay off debt.

Ledger Accounts

Record-keeping systems that track financial transactions through debits and credits to maintain the financial health and status of an entity.

Financial Statements

Financial statements are formal records of the financial activities and position of a business, including the balance sheet, income statement, and cash flow statement.

Accruals

Accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur.