What Is the Purpose of a Cover Letter

question 5

Multiple Choice

What is the purpose of a cover letter?

• A) To summarize a candidate's résumé
• B) To show the recruiter that the candidate has put a lot of effort into the job application process
• C) To demonstrate the candidate's fit with the job, organization, and industry
• D) To serve as a substitute for the résumé

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Definitions:

Common Shares

Equity securities that represent ownership in a company, providing voting rights and a claim on a portion of the company's profits.

Financing Activities

Transactions related to obtaining or repaying capital, such as issuing equity or taking out loans.

Shareholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership interest.