Which Term Refers to Moving from One Job in a Firm

question 32

Multiple Choice

Which term refers to moving from one job in a firm to another with no change in salary or grade?

• A) promotion
• B) turnover
• C) retention
• D) transfer

---

Definitions:

Accrual Accounting

Accrual accounting is an accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.

Natural Progression

The gradual and inherent development or sequence of events that naturally unfolds over time.

Operating Business

An enterprise that is actively engaged in conducting commercial, industrial, or professional activity as its primary function.

Total Liabilities

The cumulative amount of debts or obligations a company owes to external parties, which can include loans, accounts payable, and bonds payable.