On the GATB,about One-Half of the Items Can Be Characterized

question 113

Multiple Choice

On the GATB,about one-half of the items can be characterized as

• A) psychomotor in nature.
• B) pencil-and-paper in nature.
• C) analogue in nature.
• D) Both a and b

---

Definitions:

Fixed Assets

Fixed assets are long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash within a year.

Inventory Turns

A measure of how quickly inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Gross Margin

The difference between revenue and cost of goods sold, divided by revenue, expressed as a percentage.

Payroll Accrual

The recording of the earnings of employees that have been earned but not yet paid, typically used to accurately represent a company's liabilities.