Which of the Following Is NOT a Method Used in External

question 8

Multiple Choice

Which of the following is NOT a method used in external recruiting?

• A) Private employment agencies
• B) Employee referrals
• C) Newspaper advertising
• D) Employee resource chart
• E) State employment services

Analyze and solve problems related to the sales mix and its impact on company profitability.

Understand the concept of break-even analysis in units and dollars.

Calculate and interpret the effect of advertising and sales commissions on net operating income.

Understand and apply the concept of margin of safety in both dollars and as a percentage.

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Definitions:

Revenue Recognition

Revenue recognition is the accounting principle governing when revenue is considered earned and can be recorded.

Expense Recognition Principle

An accounting principle that expenses should be recognized and recorded at the time they are incurred, not necessarily when cash is paid.

Recognition Principle

An accounting concept dictating that revenue should be recognized in the income statement when it is realized or realizable and earned, not necessarily when cash is received.

Time Period Principle

An accounting principle stating that financial reporting should be done in regular intervals to ensure relevance and reliability.