Which of the Following Statements Is an Advantage of External

question 37

Multiple Choice

 Which of the following statements is an advantage of external recruitment?

• A) External candidates often make a quicker impact in the new role.
• B) Companies know better about the skills of external candidates.
• C) Employers can find new talent through external recruiting.
• D) External candidates tend to perform better than internal candidates.

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Definitions:

Installment Note Payable

A debt or loan that is to be returned to the lender in regular periodic payments.

Accrue Interest

The process of recognizing interest expense or income that has been incurred but not yet paid or received in cash.

Classified Balance Sheet

A detailed financial statement that separates assets and liabilities into current and long-term categories, providing a clearer picture of a company's financial position.

Effective Interest Rate

The realized return on a bond or loan, taking into account the effect of compounding interest as opposed to the nominal rate.