Josef Is in Charge of Creating and Distributing a Monthly

question 18

Multiple Choice

Josef is in charge of creating and distributing a monthly profit margin report.In the job description,it discusses preparing reports coordinating teams and presenting information.These are examples of job ________ needed for this job.

• A)knowledge
• B)abilities
• C)skills
• D)motivation
• E)duties

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Definitions:

Fair Market Value

The estimated price at which an asset would change hands between a willing buyer and a willing seller, with both parties having reasonable knowledge of all relevant facts and neither being compelled to buy or sell.

Accounts Payable

Accounts payable are liabilities or money owed by a company to its creditors for goods and services received.

Uniform Partnership Act

Laws enacted in most states that govern how a partnership is formed, operated, and liquidated.

John Partner's, Capital

Represents the account on a balance sheet indicating the value of an owner's (John Partner, in this case) interest in the business.