Asking a Job Applicant for a Clerical Position in an Accounting

question 22

Multiple Choice

Asking a job applicant for a clerical position in an accounting office to complete some important tax forms is an example of a:

• A)aptitude test
• B)vocational interest test
• C)emotional intelligence test
• D)work sample
• E)attitude test

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Definitions:

Gain

An increase in the value of an investment or asset.

Donor's Adjusted Basis

The value used for tax purposes to determine the gain or loss when property is given as a gift, generally the cost basis of the donor at the time of the gift.

Fair Market Value

The price that property would sell for on the open market, between a willing buyer and a willing seller each having reasonable knowledge of all pertinent facts.

Gift

A transfer of property or assets from one individual to another without the expectation of payment or anything in return.