Even If Your College Degree Is Irrelevant to an Employer's

question 89

Multiple Choice

Even if your college degree is irrelevant to an employer's needs,your high GPA might still get you the job because

• A) the firm is not a profit maximizer.
• B) your GPA screens some of your private information.
• C) your GPA sends a signal about your quality as a worker.
• D) the firm will most likely make an adverse selection.
• E) the high GPA eliminates the possibility of moral hazard.

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Definitions:

Permanent Accounts

Accounts in the general ledger that are not closed at the end of the accounting year, such as assets, liabilities, and equity accounts.

Temporary Accounts

Accounts used to track transactions within a specific accounting period, closed out at the end of the period, such as revenues, expenses, and dividends.

Income Tax Summary Report

A document that aggregates all relevant income tax information for an individual or business for a fiscal period.

Tax Line

A specific line on a tax form where particular income, deduction, or credit information is entered, affecting tax calculations.