Jacob Is the Human Resource Manager at Platinum Corp

question 55

Multiple Choice

Jacob is the human resource manager at Platinum Corp.He clearly understands the company's strategy.He has a solid understanding of business principles,and he applies these to help the HR department contribute to Platinum's success.This scenario indicates that Jacob has competency in the area of

• A) business acumen.
• B) ethical practice.
• C) communication.
• D) leadership and navigation.
• E) relationship management.

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Definitions:

Deferral Method

An accounting method where certain revenues or expenses are deferred on the balance sheet until they can be realized in the income statement.

Not-for-profit Organization

An organization that operates for purposes other than generating profit, typically focusing on social, educational, or charitable objectives.

Endowment Contribution

A donation made to an organization, often a nonprofit or educational institution, with the stipulation that the principal amount is to be kept intact while the investment income generated is used for specific purposes.

Unrestricted Contribution

Donations made to a not-for-profit organization without specified restrictions, allowing the organization to use the funds for any purpose.