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Scenario B: Fresh Catch,a small,popular chain of seafood restaurants,wishes to hire a new general manager to oversee a local restaurant's day-to-day operations.The company human resources (HR) manager posts an advertisement in the local newspaper stating,"General manager wanted for a fast-paced,award-winning seafood restaurant.Applicants must have three years' experience in a comparable restaurant managing a large staff and ensuring the satisfaction of diners." In addition to making inquiries through industry contacts,the HR manager places the ad on the company's bulletin board and intranet.The HR manager then develops a pool of prospective candidates for the position and chooses from the pool of candidates when making decisions on whom to hire.
-By choosing from the pool of candidates and making decisions about whom to hire,the HR manager is involved in
Selling Inventory
The process of converting a company's inventory into sales or revenue, typically reflecting the cost of goods sold and revenue generated.
Bank Reconciliation
The process of matching and adjusting the balance of an entity's bank account against its financial records to ensure accuracy.
Deposits in Transit
Deposits in transit refer to funds that have been received and recorded by a business but not yet reflected in the bank's records.
Service Charges
Fees charged for providing a particular service, often seen in banking and accommodations.
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