Identify the Correct Statement Regarding Skilled Knowledge Workers

question 62

Multiple Choice

Identify the correct statement regarding skilled knowledge workers.

• A) They do not have considerable autonomy to make decisions.
• B) They are most likely to experience a lack of opportunities in a slow economy.
• C) They are not easily replaced because they own the knowledge that the company requires to produce its products.
• D) They are not expected to be technically efficient and are only involved in direct interactions with customers.
• E) They do not have a lot of job opportunities because employers can simply order these employees to perform tasks.

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Definitions:

Accounts Receivable

The money owed to a company by its customers for goods or services delivered but not yet paid for.

Average Collection Period

The average amount of time that a receivable is outstanding; calculated by dividing 365 days by the accounts receivable turnover.

Net Credit Sales

Total sales made on credit minus returns and allowances, indicating the actual sales revenue expected to be collected.

Vertical Analysis

A method of financial statement analysis in which each line item is listed as a percentage of a base figure, facilitating comparison across different periods.