A ______ summarizes what the holder of the job does and how and why he or she does it.
A. job specification
B. realistic job preview
C. job description
D. job analysis
E. performance appraisal
C. job description
Once the fundamentals of a job are understood, then you can write a job description, which summarizes what the holder of the job does and how and why he or she does it.
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The Office Supplies account is a temporary account
Indicate whether the statement is true or false
Firewood, Inc. signed a three-year note payable for $59,000 at 7% annual interest. What is the interest expense for 2017 if the note was signed on August 1, 2017?
A) $2,065 B) $1,721 C) $12,390 D) $4,130
Disbanding the project team should be:
A) Celebrated so there is motivation for future projects. B) Done in a highly structured manner. C) Done in a highly informal manner. D) Handled in an off-hand manner.
A commercial bank recognizes that its net income suffers whenever interest rates increase. Which of the following strategies would protect the bank against rising interest rates?
A. Buying inverse floaters. B. Entering into an interest rate swap where the bank receives a fixed payment stream, and in return agrees to make payments that float with market interest rates. C. Purchase principal only (PO) strips that decline in value whenever interest rates rise. D. Enter into a short hedge where the bank agrees to sell interest rate futures. E. Sell some of the bank's floating-rate loans and use the proceeds to make fixed-rate loans.