Even If an Organization Has an Extremely Effective Selection System

question 19

Multiple Choice

Even if an organization has an extremely effective selection system, it may still need to conduct some training because:

• A)many applicants misrepresent their skills when they apply for a job.
• B)most selection systems still do a relatively poor job of identifying competent applicants.
• C)most applicants will not know aspects of jobs that are specific to a particular organization.
• D)it is legally required in the United States.

Comprehend how offers, invitations to offer, and bids work in the contract formation process.

Know the requirements for a valid offer including present intent, definiteness, and communication.

Recognize the impact of offeror's and offeree's actions (including death) on the offer’s validity.

Grasp the significance of the Uniform Commercial Code (UCC) in modifying traditional contract rules, particularly in terms of offer definiteness and gap-filling rules.

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Definitions:

Revolving Credit

A type of credit that does not have a fixed number of payments, in contrast to installment credit, often used for operating purposes.

Cash Cycle

The period between when a business pays for its inventory and when it receives cash from selling that inventory.

Acquisition Of Inventory

The process by which a company purchases goods and materials for production or resale, often affecting cash flow and operational strategy.

Sale Of Inventory

The process of selling a company's goods and products that are part of its stock to generate revenue.