______ Is Used When an Employee's Length of Service Is

question 55

Multiple Choice

______ is used when an employee's length of service is considered, regardless of which company he or she worked for prior to the merger; therefore the two seniority lists are combined with no employee losing any previously earned seniority.

• A) Absolute Rank Principle
• B) Ratio-Rank Principle
• C) Follow-the-Rank Principle
• D) Length-of-Service Principle

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Definitions:

Expenses

Outflows or other using-up of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities.

Assets

Resources owned by a business or individual, which have economic value and can be used to meet debts or commitments.

Interest Revenue

Income earned from lending money or through investing in interest-bearing assets.

Operating Income

Income generated from a company's regular business activities, excluding deductions of interest and taxes.