For Most Companies,the First Step in the Personnel Selection Process

question 21

Multiple Choice

For most companies,the first step in the personnel selection process is _____.

• A) verifying the applicants' qualifications through reference and background checks
• B) negotiating with the employee regarding salary and benefits
• C) screening the applications to see who meet the basic requirements for the job
• D) administering tests and reviewing work samples to rate the candidates' abilities
• E) inviting candidates with the best abilities to the organization for one or more interviews

---

Definitions:

Like-kind Exchange Provisions

Tax regulations allowing the deferral of tax liability when business or investment properties are exchanged for similar properties.

Partnership Interest

An ownership share in a partnership that represents a partner's stake in the profits, losses, and assets of the partnership.

Like-kind Exchange

A tax deferment strategy allowing for the exchange of similar types of properties without the immediate tax implications of selling the property.

IRC Section 121

A provision in the Internal Revenue Code that allows for the exclusion of up to $250,000 ($500,000 for married couples filing jointly) of capital gains from the sale of a primary residence.