Salient Tech Corp

question 56

Multiple Choice

Salient Tech Corp. requires all job applicants for mid-level management positions to take a company aptitude test. This exam measures aptitude for management by measuring verbal comprehension, mathematical calculations, and other necessary management skills. Such a test is considered as a(n)

• A)personality test.
• B)performance test.
• C)integrity test.
• D)cognitive ability test.
• E)background test.

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Definitions:

Capital Additions

Investments or expenditures made to acquire or improve long-term assets, enhancing the asset value or extending its useful life.

Net Income

The net income of a business once all taxes, costs, and expenses have been deducted from the total revenue.

Debit Capital Balance

Occurs when the sum of debits in a capital account exceeds the sum of credits, indicating the amount invested by the owners into the business.

Partnership Liquidation

The process of closing a partnership business, including selling off assets, paying off debts, and distributing the remaining assets to the partners.