Orangetree Has Hired New Employees Following a Campus Recruitment Drive

question 25

Multiple Choice

Orangetree has hired new employees following a campus recruitment drive.Tim and Sandy,the new employees,have the skills to do the job but lack experience in the work environment.Orangetree assigns two older employees in the same department to help Tim and Sandy get accustomed to the functioning of the organization.This is known as ________.

• A) apprenticeship
• B) mentoring
• C) job rotation
• D) job sharing

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Definitions:

Net Realizable Value

The estimated selling price of goods, minus the costs of their sale or disposal, used in valuing inventory and accounts receivable for financial reporting.

Write-Off

A write-off involves removing an asset from the financial statements because it is no longer collectible or has no value.

Bank Reconciliation

Bank reconciliation involves the process of matching and comparing the account balance in an entity's financial records to the corresponding information on a bank statement, to ensure accuracy and consistency.

NSF Check

A check that cannot be processed because the writer's account does not have sufficient funds, known as a Non-Sufficient Funds check.