Occupational Standards ____________________

question 4

Multiple Choice

Occupational standards ____________________.

• A) have little use in our industry because they require too great a knowledge base for most of our workers to learn
• B) are a list of jobs and activities that are part of a skill set that determines if the worker is ready to be promoted or cross-trained
• C) are documents that outline the skills, knowledge and attitudes that must be demonstrated and practiced by an individual if they are to be deemed competent in that occupation
• D) are similar to a course of study taken in either a private or public school or a college that teaches about the tourism industry, the eight components, and how to be a responsible tourism worker

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Definitions:

Other Expense

Expenses that cannot be traced directly to operations.

Unusual Item

An uncommon or rare event that affects a company's financial statements, not expected to recur frequently.

Accounting Principles

A set of guidelines and rules that govern the accounting procedures and financial reporting of businesses, ensuring accuracy and consistency across industries.

Fixed Asset Impairments

A reduction in the recoverable value of a fixed asset below its carrying value, recognized as a loss in financial accounting.