Charles Heads the Human Resource Department at Technology Development Company

question 101

Multiple Choice

Charles heads the human resource department at technology development company Schultz Inc.There,he monitors trends of the labor markets in Schultz's industry.Studying the trends,Charles realizes the company is likely going to need more sources of employees skilled in robotics.He gathers information about the best robotics training programs in the regions where the company operates.Then he applies that information to build connections with selected schools,thereby resolving a recruitment problem before it becomes serious.This scenario illustrates Charles's competency in

• A) global and cultural effectiveness.
• B) communication.
• C) critical evaluation.
• D) leadership and navigation.
• E) relationship management.

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Definitions:

Post-closing Trial Balance

A list of all accounts and their balances after the closing entries are made, used to check the accuracy of closing entries and prepare for the next accounting period.

Retained Earnings

The cumulative amount of net income earned by a company that is retained and not distributed to shareholders as dividends.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Net Income

The remaining earnings of a corporation after deducting all operating costs and tax obligations from its revenue.