What Term Defines Groups of Related Behaviours That Are Needed

question 19

Multiple Choice

What term defines groups of related behaviours that are needed for successful job performance in an organization

• A)traits inventories
• B)job elements
• C)competencies
• D)specializations

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Definitions:

Fair Value

An estimated market price for an asset or liability, reflecting what both parties in a transaction are willing to exchange based on current market conditions.

Fair Value

The cost that would be incurred to transfer a liability or the revenue expected from selling an asset, during a structured exchange among participants in the market, at the point of measurement.

Consolidated Financial Statements

Financial statements that integrate all assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries into one document.

Goodwill

An intangible asset that arises when a company acquires another company for a price higher than the fair value of its net identifiable assets and liabilities.