What Is the Significance of a Skills Inventory

question 1

Multiple Choice

What is the significance of a skills inventory?

• A) It contains basic information about each employee of an organization.
• B) It identifies the tasks and duties required in a particular job.
• C) It matches the supply of people in the job market with the current job openings.
• D) It is largely made on the basis of intuition.
• E) It contains the list of candidates who would be qualified to replace a particular person.

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Definitions:

Year 2

Often refers to the second year of operation, study, or analysis in various contexts, particularly in financial and academic settings.

Absorption Costing

A technique in financial accounting that involves accumulating all costs of production, namely direct materials, direct labor, and overhead (both fixed and variable), into the cost base of a product.

Net Operating Income

This is the total profit of a company after operating expenses are subtracted from operating revenues but before income from investments and taxes are considered.

Operating Loss

The loss incurred when a company's operating expenses exceed its revenues, indicating that its core business operations are not profitable.