As Used in the Text,the Term 'Ability

question 99

Multiple Choice

As used in the text,the term 'ability':

• A)is a current capacity to perform the various tasks in a job.
• B)is made up of only intellectual skills.
• C)refers to an individual's willingness to perform the various tasks in a job.
• D)is not something that can be defined.

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Definitions:

Straight Line Amortization

A technique for uniformly distributing the expense of an intangible asset across its lifespan.

Voting Shares

Securities affording the owner the ability to vote on important company decisions, including who gets elected to the board.

IAS 36

An International Accounting Standard that prescribes the procedures for accounting for impairments of assets.

Amortized

The gradual reduction of a debt or capital cost over a period, especially through regular payments covering interest and part of the principal.