Whenever Possible, Managers at ABC Company Try to Promote Employees

question 79

Multiple Choice

Whenever possible, managers at ABC Company try to promote employees from within the organization before recruiting from external sources. This is an example of a __________.

• A) rule
• B) precedent
• C) procedure
• D) policy
• E) guideline

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Definitions:

Collections

Collections involve the processes and activities undertaken by a business to pursue and receive payments owed by customers or debtors.

Projected Sales

An estimate of the amount of revenue that a company expects to earn in a future period from selling goods or services.

Sales Estimates

Projections or predictions about the future sales revenue of a business within a certain period, based on historical data, market analysis, and other factors.

Bottom-Up Process

The bottom-up process is an approach to planning or decision-making that starts at the operational or tactical level and proceeds upwards, allowing decisions to be made based on detailed data and observations.