The Means by Which Organizations Can Assess and Weigh the Knowledge

question 68

Multiple Choice

The means by which organizations can assess and weigh the knowledge and skills that each of its jobs requires is called _____.

• A)competency analysis
• B)job development assessment
• C)skill inventories
• D)human capital mapping

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Definitions:

Cost Of Merchandise

The purchase price of goods sold by a company, including the cost of acquiring the goods plus any additional expenses to bring them to saleable condition.

Freight In

The cost associated with transporting goods into a business, typically included in the cost of goods sold calculation.

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from the revenue generated from sales.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, preparing the accounts for the next period.