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A Form of Job Evaluation That Assigns Jobs to Predetermined

question 80

Multiple Choice

A form of job evaluation that assigns jobs to predetermined job classifications according to their relative worth to the organization is known as the __________ method.


Definitions:

Accumulated Depreciation

The total depreciation costs applied to a fixed asset from the time of its acquisition.

Fair Market Value

The price at which a willing buyer and a willing seller, both possessing reasonable knowledge of relevant facts, would exchange an asset.

Journal Entry

A record in the books of accounts that represents a business transaction, involving at least two accounts to record the financial activity.

Amortization

The gradual reduction of a debt or the spreading out of capital expenses over a fixed period of time.

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