Many Companies Use Referrals by Current Employees as a Source

question 46

Multiple Choice

Many companies use referrals by current employees as a source for new hiring and even monetarily reward them because

• A) it is less expensive than the fees paid to headhunters.
• B) current employees normally are careful in recommending someone due to their personal credibility.
• C) current employees are careful in their recommendations and it is less expensive than paying headhunters.
• D) it is a good test of employee loyalty.

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Definitions:

Credit Sales

Transactions where goods or services are provided with the agreement that payment will be made at a later date.

Recording Process

The systematic method of capturing all financial transactions of a company to ensure accurate financial reporting and analysis.

Chronological Record

Documentation or recording of events in the order of their occurrence over time.

Transaction

A financial event that changes the value or composition of a company's assets, liabilities, or equity.