Open-Ended Questions

question 52

Multiple Choice

Open-ended questions

• A) are costly
• B) reduce interviewer bias
• C) permit diverse responses which may not have been anticipated
• D) all of the above
• E) both a and c

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Definitions:

Gains

Result primarily from the disposal of assets for more than their cost minus the amount of cost depreciated in the past.

Net Assets

The total assets of an organization minus its total liabilities, indicating the net worth or equity of the company.

Net Sales

Net sales are the amount of revenue generated from sales activities after deducting returns, allowances for damaged or missing goods, and any discounts allowed.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and interest, from its total revenue.