Which Pieces of Information SHOULD Be Filed in an Employee's

question 22

Multiple Choice

Which pieces of information SHOULD be filed in an employee's confidential file?

• A) the employee's current compensation records
• B) the supervisor's evaluation of the employee's promotability completed 12 months ago
• C) discipline records for the last 10 years
• D) the employee's request for medical leave for chemotherapy treatments

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.

Bad Debt Expense

An estimate of the accounts receivable that a company does not expect to collect, recognized as an expense.

Journal Entry

A record in the books of accounts that logs financial transactions, including debits and credits, in chronological order.

Credit Terms

Conditions under which a seller will extend credit to a buyer, including the repayment time frame, discount for early payment, and interest rate.