A Human Resources Manager Is Considering Changing Her Company's Vacation

question 110

Multiple Choice

A human resources manager is considering changing her company's vacation policy. Before she makes a proposal to the senior executive team, she researches the vacation policies of other leading companies in her industry. This is an example of

• A)benchmarking.
• B)demographics.
• C)inputs.
• D)buffering.
• E)smoothing.

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Definitions:

Direct Method

A cash flow statement preparation approach that lists major categories of gross cash receipts and payments.

Depreciation Expense

The methodical distribution of the expense of a physical asset over its estimated life span.

Prepaid Expenses

Payments made for goods or services to be received in the future; recognized as assets on the balance sheet until the benefit of the goods or services is realized.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded in the company's financial statements.