Competence Rather Than Seniority Is Most Likely the Basis for Promotion

question 68

Multiple Choice

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

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

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Definitions:

Accounts Payable

Money owed by a company to its suppliers or creditors for goods and services received but not yet paid for.

Explanations

Detailed accounts or statements clarifying or justifying something.

Journal

A detailed record where financial transactions are entered initially, in chronological order, before being posted to accounts.

Indented

A term not typically used in a financial or accounting context; it often refers to a formatting style where text is moved to the right from the margin of a document.