A Common Use of Job Rotation Is to Take a Functional

question 138

True/False

A common use of job rotation is to take a functional generalist,such as an accountant,and rotate this individual through specialist areas,such as HR and production,in preparation for management.

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Definitions:

Stockholders' Equity

The residual interest in the assets of the entity after deducting liabilities, representing ownership equity spread among shareholders.

Donated Land

Land that has been given to an organization as a gift, usually recognized at its fair market value on the date of donation.

Deferred Compensation

A portion of an employee's compensation that is set aside to be paid out at a later date, often used as a retirement benefit.

Treasury Stock

Shares of a company’s own stock that it has reacquired from shareholders but not retired, listed as a contra equity account on the balance sheet.