Match the Following: -Occupational Excellence Means

question 13

Multiple Choice

Match the following:
-Occupational excellence means:

• A)continually honing skills that can be marketed across organizations
• B)forgoing technical or functional development in favor of firm-specific learning
• C)employees identifying with and focusing on what is happening in their particular firm
• D)relying on the firm to specify jobs and their associated occupational skill base

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Definitions:

Adjusting Entry

An adjusting entry is a journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the appropriate period.

Prepaid Expense

Payments made in advance for goods or services to be received in the future, recognized as assets until used.

Adjusting Entry

A financial record created at the close of an accounting period to assign earnings and expenses to the time they truly took place.

Interest Receivable

This represents the amount of interest income that has been earned but not yet received in cash by the company.