Some Advantages of Using Competencies Are That They Are More

question 36

True/False

Some advantages of using competencies are that they are more general and tend to be tied to corporate goals.

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Definitions:

Straight-line Method

A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.

Annual Interest

The total amount of interest due over the course of a year on a loan or financial product.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, typically reported on the income statement.

Semiannual Interest

Interest calculated and paid on a loan or bond two times a year.