Your Boss in the Human Resources Department Asks You to Write

question 98

Multiple Choice

Your boss in the human resources department asks you to write a function that calculates the length of time that employees have been with the firm, using the DATEDIF function. Assume that C2 contains the hire date for a given employee and that cell $AE$2 contains the cut-off date against which to compare the hire date to determine length of service.
-For a separate service recognition program,you need to calculate the length of service in complete years.What is the correct formula?

• A)=DATEDIF(C2, $AE$2, "yr")
• B)=DATEDIF($AE$2, C2, "year")
• C)=DATEDIF($AE$2, C2, "yr")
• D)=DATEDIF(C2, $AE$2, "y")

---

Definitions:

Assets

Assets are resources owned by a business or individual that have economic value and can be used to meet debts, commitments, or legacies.

Critical Event

A significant occurrence that has a profound impact on an entity's operations, financial performance, or strategic direction.

Revenue Recognition

The accounting principle that outlines the specific conditions under which revenue is recognized and recorded in financial statements.

Generally Accepted Accounting Principles

A broad set of accounting standards, principles, and procedures that entities follow to compile their financial statements, ensuring consistency and comparability.