What Is the Primary Purpose of the Organizational Practice of Promoting

question 54

Multiple Choice

What is the primary purpose of the organizational practice of promoting from within?

• A) to reward employees for past performance
• B) to protect the organization from internal discrimination suits
• C) to reduce long-term compensation budgets
• D) to alleviate some of the need for HR planning

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Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate accounting period.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company's balance sheet.

Credit

An accounting entry that increases liabilities or equity or represents a decrease in assets, also refers to the provision of resources based on trust.