A Discretionary Reserve

question 25

Multiple Choice

A discretionary reserve

• A)is one that allows management to transfer amounts to and from the reserve
• B)is one that allows management to transfer amounts to the reserve but not out of the reserve except for the purpose indicated by the reserve
• C)is one required by the Corporations Act or an accounting standard
• D)is one required by a contract with a creditor

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Definitions:

Job Evaluator

A specialist who assesses the responsibilities, duties, and qualifications of a job to determine its position within an organization's pay structure.

Relevant Labor Market

The geographical area and job sector from which an employer can reasonably recruit employees or the area from which an employer actually recruits.

Benchmark Jobs

Positions that are used as a standard or reference to compare the level of job content, job worth, and pay across different jobs within an organization or industry.

Market Rate

The average or standard cost for goods or services in a specific market, often used as a benchmark for setting prices or wages.