Mick Works for a Company as a Financial Analyst from Home

question 43

Multiple Choice

Mick works for a company as a financial analyst from home using information technology.He does not work in a traditional physical workplace.This trend is known as:

• A)deep-level diversity.
• B)work-life balance.
• C)virtual work.
• D)surface-level diversity.
• E)frictional unemployment.

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Definitions:

Controlling Costs

The process of managing and regulating expenses in order to improve profitability without compromising quality or performance.

Merchandise Inventory Turnover

A measure of how many times a company’s inventory is sold and replaced over a specific period.

Inventory Management

The process of ordering, storing, and using a company's inventory, including raw materials, components, and finished products.

Periodic Inventory System

A method of inventory valuation wherein updates and cost of goods sold calculations are made at set intervals, not continuously.