Management Tech Company Uses an Online Behavioral Test Provided by Norm

question 2

Multiple Choice

Management Tech Company uses an online behavioral test provided by Norm Testing Service to assess the employability of job applicants.The agreement between Management Tech and Norm Testing for the use of the test most likely provides that if Management Tech breaches the terms and conditions, Norm Testing can

• A)cancel the contract.
• B)do nothing.
• C)require that Management Tech re-administer the test.
• D)mandate that any affected applicants be hired.

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Definitions:

Increases Liabilities

Situations or transactions that result in a rise in the claims against a company’s assets.

Decreases Assets

Refers to any operation or transaction that results in a reduction of the value of assets owned by a business.

Account Receivable

Money owed to a company by customers who have purchased goods or services on credit.

Classified Revenue

Classified revenue involves organizing a company's revenue into distinct categories for detailed financial analysis and reporting.