Scenario B: Fresh Catch,a Small,popular Chain of Seafood Restaurants,wishes to Hire

question 62

Multiple Choice

Scenario B: Fresh Catch,a small,popular chain of seafood restaurants,wishes to hire a new general manager to oversee a local restaurant's day-to-day operations.The company human resources (HR) manager posts an advertisement in the local newspaper stating,"General manager wanted for a fast-paced,award-winning seafood restaurant.Applicants must have three years' experience in a comparable restaurant managing a large staff and ensuring the satisfaction of diners." In addition to making inquiries through industry contacts,the HR manager places the ad on the company's bulletin board and intranet.The HR manager then develops a pool of prospective candidates for the position and chooses from the pool of candidates when making decisions on whom to hire.
-By advertising open positions on the company bulletin boards and intranet,the company is making use of the ________ system.

• A)job-posting
• B)benchmarking
• C)hierarchy
• D)concentration
• E)vertical integration

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Definitions:

Trial Balance

A financial spreadsheet where the totals from all accounts are gathered into columns for debits and credits, serving to verify the mathematical accuracy of a firm's accounting records.

Balance Sheet

A financial statement that presents a company's financial position at a specific point in time, including assets, liabilities, and equity.

Ledger

A comprehensive collection of all accounts used by an organization, showing the changes made to each account due to transactions, and the current balance.

Journal

An accounting record where all transactions are initially recorded using the double-entry bookkeeping system before they are transferred to accounts in the general ledger.