Tomas Recently Graduated with Honors from His College

question 147

Multiple Choice

Tomas recently graduated with honors from his college. He has bragged to his friends that his academic performance has prepared him so well for a successful career that he can find a job with ease and forget school or training in his future. In evaluating the future of the workplace, Tomas is

• A) exactly right. His past performance should carry him to success.
• B) completely wrong. Studies show that a college education has little to do with success.
• C) overconfident. Global competition means that continuous learning will be needed in the future to adapt to rapid changes.
• D) probably right. Specialized training today is a key to continued success in the future.

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Definitions:

Outstanding Balance

This term refers to the amount of money owed on a loan or credit account that has not yet been repaid.

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.

Invoice

A document indicating the sale transaction and requesting payment for goods or services provided.

ROG

Receipt of Goods, a term used in supply chain management and accounting to denote the time at which goods are received, which may trigger payment or recording processes.