Which of the Following Records Should Be Contained in the Employee's

question 91

Multiple Choice

Which of the following records should be contained in the employee's confidential file?

• A)documents assessing the employee's promotability
• B)private medical-related information
• C)current information on employee's address, next of kin, and emergency contact
• D)documents older than five years

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Definitions:

Period Cost

Expenses that are not directly tied to production activity and are accounted for within the period they occur, such as selling and administrative expenses.

Net Operating Income

Earnings before interest and taxes (EBIT), representing the profit from regular business operations.

Common Fixed Expenses

Costs that do not change with the level of production or sales over a certain period and are shared among different segments or products of a business.

Total Fixed Expenses

Expenses that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.