Which of the Following Statements Is True

question 174

Multiple Choice

Which of the following statements is true?

• A)Employers are not concerned with determining a potential employee's productivity because they know that with experience the employee's output will increase.
• B)Employers are not concerned with determining a potential employee's productivity because they realize that they cannot accurately determine it beforehand.
• C)Employers are not concerned with determining a potential employee's productivity because they know that they can train the employee after he's hired.
• D)Employers are concerned with determining a potential employee's productivity due to the high costs of training new employees.

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Definitions:

Inventory Shrinkage

The loss of products between purchase and sale, often due to theft, damage, or errors in counting.

Physical Count

The process of counting the actual number of items in inventory, typically to verify accounting records or when preparing financial statements.

Net Method

An accounting method that records purchases at the net price after deduction of any purchase discounts.

Perpetual Inventory System

An inventory accounting practice that instantly processes and records purchases or sales utilizing computerized point-of-sale systems alongside enterprise asset management software.