Which of the Following Statements Regarding Job Posting and Bidding

question 83

Multiple Choice

Which of the following statements regarding job posting and bidding is FALSE?

• A) It gives existing employees the first chance at job openings before external candidates are considered.
• B) Job posting reduces the threat of organizational "in breeding" because the posting crosses divisional and departmental boundaries in the search for new blood.
• C) Job posting may not reveal any qualified internal candidates.
• D) In a unionized organization, job posting and bidding often is spelled out in the labor agreement.

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Definitions:

Cost Per Unit

The total expense involved in creating a product, divided by the number of units produced, giving a per-unit cost.

Journal Entries

Recorded transactions in a company's general ledger, showing accounts affected and amounts, to maintain accurate financial records.

Process Cost System

An accounting system used in manufacturing where costs are assigned to batches or processes, suitable for homogeneous products.

Work In Process

Work in process (WIP) refers to the materials and goods that are in the production process but have not yet been completed.