Which of the Following Is True About the Job Ranking

question 35

Multiple Choice

Which of the following is true about the job ranking method?

• A) It is the most often used job evaluation technique.
• B) It produces an ordering of jobs.
• C) It evaluates jobs against a predetermined scale or class.
• D) It is used to indicate the relative degree of difference among jobs.

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Definitions:

Amortisation of Goodwill

The gradual write-off of the purchased goodwill of a company over time, reflected as a non-cash expense in the income statement.

Associate's Profit

The portion of profits attributable to a company's investment in an associate, typically accounted for using the equity method.

Equity Accounted Balance

A valuation method used in accounting for investments, where the investment is initially recognized at cost and subsequently adjusted for the investor’s share of the investee’s net assets changes, including profits and losses.

Profit/(Loss)

The financial result of a business's operations for a specific period, calculated as income minus expenses. If positive, it's a profit; if negative, a loss.