Elizabeth Is a Chef and the Kitchen Manager in an Upscale

question 76

Multiple Choice

Elizabeth is a chef and the kitchen manager in an upscale restaurant.She is very knowledgeable in both the culinary and restaurant management fields.Because of these skills,Elizabeth can be considered a(n) ____ worker.

• A)cognitive
• B)focused
• C)top-rated
• D)MBO
• E)knowledge

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Definitions:

Useful Life

The estimated period over which a fixed asset is expected to be usable by a company, influencing depreciation calculations.

Plant Asset

A plant asset is a long-term tangible asset used in the operation of a business that is not intended for resale, such as machinery, buildings, and equipment.

Market Value

The immediate cost at which one can buy or sell a service or asset.

IRS

The Internal Revenue Service, the U.S. federal agency responsible for administering and enforcing the tax laws and collecting federal taxes.