Yu Chen, One of Your Most Valued Employees, Has Decided

question 11

Multiple Choice

Yu Chen, one of your most valued employees, has decided to leave your organization after 20 years of exceptional service. His decision took you completely by surprise and you have to fill the position quickly. To make sure you do not make a mistake and hire the wrong person, you should do all of the following EXCEPT

• A) Conduct a reference checking without the applicant's knowledge.
• B) Don't panic. Hire a temporary worker during the transition.
• C) Update the list of job requirements, duties, and responsibilities so that you and the job candidate will understand the expectations of the position.
• D) Before you extend an offer, check references.
• E) During a job interview, ask appropriate questions, such as the long and short-term goals of the applicant.

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Definitions:

Budgetary Limit

The maximum amount of money allocated for a specific purpose in a budget.

IRRs

The Internal Rate of Return is the discount rate at which the net present value of all cash flows from a specific project is zero.

NPV

Net Present Value, a calculation used to determine the present value of a series of future cash flows by discounting them at a specific rate.

Cash Flows

The total amount of money being transferred into and out of a business, particularly concerning its operating, investing, and financing activities.