Which of the Following Meets the Criteria for Licensing and Certification

question 5

Multiple Choice

Which of the following meets the criteria for licensing and certification?

• A)supervisor recommendation and work experience
• B)completion of training hours and scores on aptitude tests
• C)work experience and peer approval
• D)attainment of a degree,a given level of practical experience,and a passing score on an examination

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Definitions:

Cumulative Weighted Average Expenditures

The total cost of investments or expenditures over a period, weighted by the time each amount was invested or incurred, used in capital budgeting or to calculate interest during construction.

Useful Life

The estimated duration a fixed asset is expected to be economically useful to an organization.

Capitalized

Refers to recording an expense or cost as an asset on the balance sheet, rather than as an expense on the income statement, to spread out the expense over its useful life.

Long-Lived Assets

These are tangible or intangible assets that a company expects to use for more than one year, including property, plant, and equipment.