Match the Definition to the Term

question 84

Multiple Choice

Match the definition to the term.
-personnel selection

• A)a shift in research focus to the social and psychological factors influencing performance and satisfaction at work
• B)a system to increase efficiency and productivity in the factory,generally accomplished by having workers do more in less time by giving them quick,repetitive,menial tasks,often on an assembly line
• C)the application of psychology to business and industry
• D)the practice of developing tests that match workers' aptitudes and skills to appropriate jobs

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Definitions:

Cost Recovery Method

An accounting technique where revenue is recognized only after the costs of the sold goods or services are recovered, deferring profit recognition.

IFRS

A collection of accounting guidelines formulated by the International Accounting Standards Board (IASB) to assist in the creation of financial statements for public companies worldwide, known as International Financial Reporting Standards.

Installment Sales

A sales method that allows customers to pay for goods or services over a period of time in installments.

Critical Event

A significant occurrence that has a profound impact on an entity's operations or financial performance, necessitating special consideration in accounting and financial reporting.