Competence Rather Than Seniority Is Most Likely the Basis for Promotion

question 80

Multiple Choice

Competence rather than seniority is most likely the basis for promotion when ________.

• A) team cohesiveness is most important
• B) corporate competitiveness is necessary
• C) union agreements are involved
• D) civil service regulations apply
• E) compensation packages are limited

Recognize the differences between the accrual basis and the cash basis of accounting.

Identify the characteristics and treatment of specific accounts such as Accumulated Depreciation, Prepaid Expenses, and Liabilities.

Grasp the concept of the time period assumption in accounting and its implications for the preparation of financial statements.

Understand the roles and purposes of different types of trial balances in the accounting cycle.

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Definitions:

Employee Evaluation

A systematic process of assessing and documenting an employee's performance, skills, achievements, and growth areas.

Self-Appraisals

The process by which employees assess their own job performance, including achievements, challenges, and areas for improvement.

Self-Ratings

An assessment method where individuals evaluate their own performance or abilities.

Performance Management

A continuous process by which managers and employees work together to plan, monitor, and review an employee’s work objectives and overall contribution to the organization.