The Process of Determining the Skills,abilities and Other Attributes a Person

question 55

Short Answer

The process of determining the skills,abilities and other attributes a person needs to have in order to perform a particular job is known as a ______________________.

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Definitions:

Residual Value

The estimated value that an asset will have at the end of its useful life.

Useful Life

The estimated duration for which an asset is expected to be functional and economically viable for its intended purpose.

Periodic Depreciation

The allocation of an asset's cost over its useful life, recognized as an expense on the income statement at regular intervals, typically annually.

Cost Allocation

The process of identifying, aggregating, and assigning costs to cost objects, such as products, departments, or projects.