Which of the Following Statements Identifies a Key Difference Between

question 244

Multiple Choice

Which of the following statements identifies a key difference between a job description and a job specification?

• A) A job description is concerned with the short-run objectives of a job, but a job specification is concerned with the job's long-run objectives.
• B) A job description is based on a human resource inventory, while a job specification is the result of a performance appraisal.
• C) A job description is a statement about the job, while a job specification is a statement about the person who does the job.
• D) A job description is a brief summary of what a job involves, while a job specification is a detailed and technically complete statement of what a job involves.

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Definitions:

Financial Statements Linkage

The connection and relationship between different financial statements (e.g., balance sheet, income statement, cash flow statement) to assess the financial health of a business.

Retained Earnings

The cumulative amount of profit retained by the company and not paid out in the form of dividends to owners.

Net Income

The total earnings or profit of a company after subtracting all expenses, taxes, and costs, also known as net earnings.

Goodwill

The price paid for an asset in excess of its book value. You will see this on the balance sheet when the company has made one or more large acquisitions.