An Assessment Centre

question 26

Multiple Choice

An assessment centre:

• A) is a place where job applicants undergo rigorous psychological analysis.
• B) is relatively inexpensive.
• C) uses multiple selection methods to rate applicants or job incumbents on their management potential.
• D) is a selection method generally used for sales and engineering positions.
• E) is a selection method most suitable for assessing technical competence.

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Definitions:

Accounts Receivable

Funds that customers owe to a company for products or services that have already been provided but not yet compensated for.

Fees Earned

Revenue recognized by a company or individual in exchange for services rendered.

Adjusted Trial Balance

A financial statement listing all the accounts and their final balances after all adjustments have been made.

Closing Entries

At the end of an accounting cycle, transactions are recorded to shift balances from provisional accounts to lasting accounts.