Refer to Scenario: Swimco

question 60

Multiple Choice

Refer to Scenario: Swimco.Fit is an important consideration in Swimco's HR strategic planning.What is it called when Swimco fits its HR strategy between its HR functions (i.e. ,training) and across its other business functions (i.e. ,accounting) ?

• A)external fit
• B)best fit
• C)internal fit
• D)organizational fit

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Definitions:

Financial Statements

Reports summarizing the financial performance, position, and cash flows of a business for a specific period, including balance sheet, income statement, and statement of cash flows.

Contra Accounts

Accounts used in accounting to reduce the value of a related account to derive its net balance; examples include accumulated depreciation.

Normal Balances

The side of an account (debit or credit) where increases to the account are recorded; assets and expenses typically have debit normal balances, while liabilities, equity, and revenue have credit normal balances.

Perpetual Inventory System

An inventory tracking system that updates item records in real-time as transactions occur, providing a constant current inventory level.