What Are the Advantages of Having an Outside Organization Perform

question 363

Multiple Choice

What are the advantages of having an outside organization perform background screening on your employees?

• A) Company personnel are spared potential embarrassments as well as liability claims.
• B) Depending on the number of checks, the costs will be lower.
• C) Screening will be done by trained staff with extensive sources of information.
• D) Screenings will be unbiased with no corrupt motivation.
• E) All of the above.

---

Definitions:

Completed Contract Method

An accounting technique used for recognizing revenue and expenses on long-term projects only after the project is finished.

AMT Depreciation

Depreciation methods for the Alternative Minimum Tax purposes, which can differ from regular tax depreciation methods, often resulting in a slower expense recognition for AMT calculations.

Straight-line Method

A method of calculating depreciation and amortization by evenly spreading the cost over the useful life of an asset.

Personal Property

Tangible items and assets (excluding real estate) owned by an individual or business, such as vehicles, jewelry, and equipment.