A Small Software Firm Is Seeking Several Permanent Employees with Experience

question 54

Multiple Choice

A small software firm is seeking several permanent employees with experience in the semiconductor industry and advanced degrees in computer science.The firm is a small one and cannot afford to pay a traditional recruiting firm a fee of 30% per each hire's salary.Instead,this firm should consider using a(n) ________.

• A) contingency-based recruiter
• B) state-run employment agency
• C) temporary staffing agency
• D) outsourcing staffing service
• E) on-demand recruiting service

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Definitions:

Adjusting Entry

A journal entry made in accounting records to update the balances of accounts at the end of an accounting period before financial statements are prepared.

Revenue and Expense Account

Accounts in the general ledger that track the income earned and expenses incurred by a business during a given period, critical for determining net income.

Advertising Expense

Costs incurred in promoting products or services, typically considered operating expenses.

Period Cost

Expenses that are incurred during a specific time period but are not directly tied to the manufacturing process, such as selling, general, and administrative expenses.