Answer:
-$153.6 Unfavorable
Explanation:
As per the given question the solution of direct labor cost variance for August is provided below:-
Direct labor cost variance for August = (Standard rate - Actual rate) × Actual hour
= ($13 per hour - $13.80 per hour) × 192 hours
= -$0.8 × 192 hours
= -$153.6 Unfavorable
Here, the actual rate is higher than standard rate so the amount will come into unfavorable and to reach out the direct labor cost variance for august we put the value into formula.
Two key aspects of financial planning are cash planning and profit planning. Cash planning involves the preparation of the cash budget and profit planning involves preparation of pro forma statements. To make cash budget and pro forma statements for a firm, accounting knowledge is needed. Do accounting courses you took before help you better understand how to make cash budget and pro forma income statement and balance sheet? Explain.
Yes. Accounting courses I took before helps us understand how to make cash budget and pro forma income statement and balance sheet.
Here's how accounting courses can help individuals in creating cash budgets, pro forma income statements, and balance sheets:
Cash Budget: Accounting courses teach students about the importance of cash flow management and how to prepare a cash budget. Pro Forma Income Statement: Accounting courses teach students how to analyze historical financial data and use it to forecast future performance. Balance Sheet: Accounting courses provide a comprehensive understanding of balance sheets and their components. Students learn how to analyze assets, liabilities, and shareholders' equity to assess the financial position of a company.By studying accounting, individuals gain a solid foundation in financial concepts, reporting standards, and analytical techniques. This knowledge equips them with the skills necessary to create cash budgets, pro forma income statements, and balance sheets effectively.
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how skill based training can assist you in with future unemployment commtunity service
Skill-based training can be incredibly helpful in preparing you for future unemployment community service by equipping you with the tools and abilities necessary to succeed in the job market.
How can skill - based training be beneficial ?Skill-based training can provide you with the specific skills and knowledge required for your desired job or industry. By gaining these skills, you will be more marketable and valuable to potential employers.
Skill-based training can help you become more flexible and adaptable in the face of changing job requirements or industries. You may be able to take on new tasks or roles more easily and be better equipped to pivot your career path.
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According to the box "Reaching Beyond Our Borders, Tesla was able to do the impossible feat of
Multiple Choice
opening up a new auto plant in China in under 18 months.
sending the first U.S. citizen to the moon.
building an electric bicycle that can be recharged on solar power.
building over 1 million vehicles each year.
Answer: Based on the information provided in the box “Reaching Beyond Our Borders,” the correct answer would be option A: opening up a new auto plant in China in under 18 months.
In the indicated time, Tesla indeed managed to complete the incredible achievement of opening a new auto manufacturing plant in China in under 18 months, a testament to their commitment to advancing the use of renewable energy and marking a significant expansion in their global presence.
Explanation:According to the box 'Reaching Beyond Our Borders', Tesla was able to accomplish the seemingly impossible feat of opening up a new auto plant in China in under 18 months. This accomplishment was striking as it signified a significant leap towards promoting sustainable energy on a global level, given Tesla's primary focus on electric vehicles. Meanwhile the options of - sending the first U.S. citizen to the moon, building an electric bicycle that can be recharged on solar power, and building over 1 million vehicles each year - do not correctly match the facts reportedly associated with Tesla's activities within the given timeframe.
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Which of the following is not a way of creating agency in California?
Answer:
Note that in California, there are THREE ways to create agency: by agreement, by ratification, and by estoppel.
Explanation:
1. Written or expressed - An oral or written contract in which the parties state the contract's terms and express their intentions in words. We agree orally to the terms of our agency relationship, wherein you will hire me to market your property or represent you as a buyer's agent.
2. Implied - A contract under which the agreement of the parties is demonstrated by their acts and conduct. Example: "I'll help you buy a house; so don't work with anyone else because I will be your agent. Let's go look at some houses today."
3. Ostensible Agency - An actual agency relationship that arises by the actions of the parties rather than by express agreement. For example, the owner of a property knows a broker is showing the owner's vacant lot to prospective buyers without authority to do so. Unless the owner takes steps to stop such unauthorized showings, the law considers that third parties have a just cause to believe the broker to be the "owner's broker." This situation is called an ostensible agency because on the surface an agency appears to exist. Once this type of agency is created, the owner is prevented by estoppel* from denying its existence.
*Estoppel - A legal doctrine by which a person is prevented from asserting rights or facts that are inconsistent with a previous position or representation made by act, conduct, or silence.
4. Ratification - A method of creating an agency relationship in which the principal (seller or buyer) accepts the conduct of someone who acted without prior authorization as the principal's agent. Example: A licensee who shows a property without the owner's prior approval, and then the owner agrees to work with the agent to sell the property.
Note that in California, there are THREE ways to create agency: by agreement, by ratification, and by estoppel.
In the best-selling book, Good to Great, the author examined the characteristics of eleven successful companies by studying the full context of each organization, using multiple sources of information and identifying the relationship between managerial decisions and success. This is an example of a(n) _______.
Measure the angle in degrees.
Answer:
45°
Explanation:
If you look at it since the is backward due to the angle 180 would represent 0 and the 140 would be 40 so it is between the 140 and 130 marks so it is 45°.
QUESTION 2 of 10: A course that costs $500 will allow you to get a job that pays $2 more per hour than your current job. How many hours will you need to work at the new job before your investment in education has "paid off"?
Answer: 250 hours
Explanation: divide 500 into 2
Sheridan Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $250000 and credit sales are $1000000. Management estimates that 5% of accounts receivable will be uncollectible. What adjusting entry will Sheridan Company make if the Allowance for Doubtful Accounts has a credit balance of $2500 before adjustment
The adjusting entry that Sheridan Company will make if the Allowance for Doubtful Accounts has a credit balance of $2500 before adjustment is:
Debit Bad Debt Expense $10,000
Credit Allowance for Doubtful Accounts $10,000
Sheridan Company Adjusting Journal entry
Debit Bad Debt Expense $10,000
Credit Allowance for Doubtful Accounts $10,000
[($250,000 × 0.05) - $2,500]
[($12,500- $2,500)=$10,000]
(To record Allowance for Doubtful Accounts)
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The Toronto Maple Company (TMC) produces maple syrup and syrup based products. During the current period, the firm's Production Department started production of 210,000 gallons of syrup. During the period, the firm completed and transferred 205,000 gallons to the Shipping Department. The firm ended the period with 12,500 gallons in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used by the company. Part 1 (4 points): What were the equivalent units for conversion costs for the period if the beginning inventory was 75% complete as to conversion costs and the ending inventory was 40% complete as to conversion costs
Answer:
Equivalent units of production= 210,000 units
Explanation:
The weighted average method blends the costs and units of the previous period with the costs and units of the current period.
We need to use the following formula:
Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production
Equivalent units of production= 205,000 + (12,500*0.4)
Equivalent units of production= 210,000 units
_____is the annual amount by which expenditures are greater than revenues; and is the total amount the government owes across all years.
Deficit is the annual amount by which expenditures are greater than revenues; and is the total amount the government owes across all years.
Revenue is money earned from the normal business activities and is calculated by multiplying the average selling price by the number of the units got sold.
This is the top line (or gross income) from which expenses are subtracted to determine net profit. Revenue is also known as income statement revenue.
Earnings, often referred to as profits or revenues, are money derived from the normal course of business.
Operating income is the income (from the sale of goods or services) less operating expenses. Non-operating income is infrequent or one-time income from secondary sources (such as proceeds from legal proceedings).
Not-for-profit entities, such as governments, non-profit organizations, and individuals, also report revenue, but their calculations and sources are different.
Income is simply sales income, whereas income or profit includes the costs of generating income and reports net (not gross) income.
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A think local, act local multidomestic type of strategy A. can defeat a global strategy if the think local, act local multidomestic strategist concentrates its efforts exclusively in those foreign markets where it has profit sanctuaries B. is more appealing the bigger the country-to-country differences in buyer tastes, cultural traditions, and marketing methods C. is generally an inferior strategy when one or more foreign competitors is pursuing a global low-cost strategy D. is usually defeated by a think global, act global type of strategy E. is very risky, given fluctuating exchange rates and the propensity of foreign governments to impose tariffs on imported goods
Answer: B. is more appealing the bigger the country-to-country differences in buyer tastes, cultural traditions, and marketing methods
Explanation:
A think local, act local multidomestic strategy focuses its commercial efforts and advertisement on the needs of the local market.
This strategy is actually more appealing when there's a huge difference in the country's culture and traditions, buyer tastes, and marketing methods. This makes it appealing for consumers and investors.
A think local, act local multi-domestic type of strategy is more appealing the bigger the country-to-country differences in buyer tastes, cultural traditions, and marketing methods. Thus the correct option is B.
Through This strategy, the significance of customizing products, services, and marketing tactics to the unique demands and preferences of each local market is acknowledged
It considers each market's diversity and distinctiveness, enabling for personalization and localization of corporate operations in buyer tastes, cultural customs, and marketing strategies.
Therefore, option B is appropriate.
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A constraint on travel, when failing to obtain a visa, is known as an Answerissue.
The article is primarily made up of numbers and facts, as if this might actually solve any issues.The term "neo social movements" refers to issue-specific movements that began after the 1980s.
Which three restrictions apply to travel?According to Crawford and Godbey (1987; 1991), the model includes three types of limitations: interpersonal, intrapersonal, and structural constraints. Individuals who are alone when travelling have interpersonal limits.
Which four restrictions on travel apply?Four groups—intrapersonal, interpersonal, structural, and not a travel option—are used to group the 30 low-carbon travel restrictions.
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1. How many units will the domestic firms produce without a tariff if the foreign producer can sell the product at a $4 price?
Suppose a country`s workers can produce 4 watches per hour or 12 rings per hour. If there is no trade,
Suppose a country`s workers can produce 4 watches per hour or 12 rings per hour. If there is no trade,: The opportunity cost of 1 watch is 3 rings.
What is opportunity cost?Opportunity cost can be defined as the way in which a person tend to forgone others alternative as a result of choosing an alternatives .
Example of opportunity cost is when a student choose to forgone the choice of watching a movies because the student want to read for his/her examination.
Now let find the opportunity cost;
Opportunity cost = 12 rings / 4 watches per hour
Opportunity cost = 3 rings
Therefore the opportunity cost of 1 watch is 3 rings.
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Besides knowing the amount of sales, what other
information is required to calculate a return on
sales (ROS)?
Answer:
selling price, variable cost, fix cost
Explanation:
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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Marketing and sales professionals are increasingly turning to advanced software programs called_____
to monitor business and evaluate performance
Fill in the Missing Word
Answer:
Marketing and sales professionals are increasingly turning to advanced software programs called Business Intelligence systems to monitor business and evaluate performance
Marketing and sales professionals are increasingly turning to advanced software programs called Business Intelligence systems to monitor businesses and evaluate performance.
What is business?An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective of gaining some profit is called Business.
A data analysis technique that firms employ to acquire insights into their operational performance and boost efficiency is Business intelligence (BI) which helps in improving the organization's efficiency.
The key performance indicators (K/PIs) including revenue, customer acquisition expenses, and conversion rates may all be tracked by organizations using analytics tools, allowing them to identify opportunities for development.
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4. What is another name for a command economy?
Answer:
planned economy
Also known as a planned economy, command economies have as their central tenet that government central planners own or control the means of production within a
Explanation:
hehe plss give me a heart
Which of the following is an example of asset-producing debt?
Select the best answer from the choices provided.
A.
B.
OC.
C.
D.
secured credit card debt
home loan
car loan
unsecured credit card debt
Unsecured credit card debt is an example of asset-producing debt, as it burdens the creditor making it a possible source of money for debtor.
Creditors who owe unsecured debt, such as credit card or medical expenses, run the danger of losing everything if the debtor goes bankrupt.
Because of this, unsecured debt is exceedingly costly and frequently has interest rates that are more than twice as high as secured debt.
Hence, the correct answer is D. unsecured credit card debt.
Debt?A debt is a quantity of money that is borrowed for a specific amount of time and must be repaid together with interest.
The borrower's creditworthiness affects both the debt's amount and its acceptance.
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11. a. Suppose David spends his income M on goods x1 and x2, which are priced p1 and p2, respectively. David’s preference is given by the utility function
(1, 2) = √1 + √2.
(i) Derive the Marshallian (ordinary) demand functions for x1 and x2. (25 marks)
(ii) Show that the sum of all income and (own and cross) price elasticity of demand
for x1 is equal to zero. (25 marks) b. For Jimmy both current and future consumption are normal goods. He has strictly convex and strictly monotonic preferences. The initial real interest rate is positive. If the real interest rate falls, in each of the following cases, argue what will happen to his period 2 consumption level? Clearly illustrate your argument on a graph.
(i) He is initially a borrower. (25 marks)
(ii) He is initially a lender. (25 marks)
Answer:
Explanation:
D
In March 2022, Samsung was the market leader with 48.12% of the market share mobile device vendors in South Africa. Evaluate whether such a high market share for one company is in the consumers’ interest. Use appropriate diagrammatic analysis to support your answer.
A high market share for one company may not be in the consumers' interest.
To evaluate whether a high market share for one company is in the consumers' interest, we need to consider the potential effects on competition, consumer choice, and pricing. Let's analyze the situation using diagrammatic analysis.
Market Structure:
A high market share for one company suggests a dominant market position. This can be represented by a monopoly or oligopoly market structure. In a monopoly, there is a single dominant company, while an oligopoly consists of a few large firms.
Consumer Choice:
In a market dominated by one company, consumer choice may be limited. With fewer competitors, there may be less diversity in product offerings, features, and pricing options. This lack of variety can restrict consumers' ability to choose products that best suit their preferences and needs.
Pricing:
A dominant company may have the power to influence prices in the market. With limited competition, they can potentially set higher prices, reducing consumer welfare. Higher prices can lead to reduced affordability and may discourage innovation and improvements in products and services.
Innovation and Quality:
Intense competition typically drives companies to innovate and improve their products to attract customers. In a highly concentrated market, the dominant company may have less incentive to invest in research and development or improve product quality, as there is less competitive pressure to do so. This could result in slower innovation and lower overall product quality.
Based on these considerations, a high market share for one company may not be in the consumers' interest. Limited competition can result in reduced consumer choice, potentially higher prices, slower innovation, and lower product quality.
Diagrammatic analysis:
A diagrammatic representation can help illustrate the potential effects of a high market share. Consider a simple demand and supply diagram with the quantity of mobile devices on the x-axis and the price on the y-axis.
In a competitive market, the supply curve represents the combined output of multiple firms, leading to a lower equilibrium price (Pc) and a higher equilibrium quantity (Qc) due to competition. Consumers have more choices and potentially lower prices.
However, in a market with a dominant company, the supply curve may shift or become more inelastic. This can result in a higher equilibrium price (Pm) and a lower equilibrium quantity (Qm) compared to the competitive market. Consumers may have limited choices and potentially higher prices.
Overall, the diagrammatic analysis supports the notion that a high market share for one company may not be in the consumers' interest, as it can lead to reduced competition, limited consumer choice, potentially higher prices, and less incentive for innovation and quality improvements.
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Did the court calculate the date correctly?
Couldn't Holloway's performance review/
renewal have taken place well before the end of
one year? If so, doesn't that mean the contract
falls outside of the statute of frauds?
If Holloway's contract was formed for a period of one year or less and his performance review/renewal could have taken place before the end of that one-year period, then the contract may fall outside of the statute of frauds and would not need to be in writing.
It is not possible to determine whether the court calculated the date correctly or not without more information about the specific case being referred to.
However, if Holloway's performance review/renewal could have taken place well before the end of one year, it is possible that the contract falls outside of the statute of frauds.
Statute of frauds refers to laws that require certain contracts to be in writing and signed in order to be enforceable.
In most states, contracts that cannot be performed within one year from the date of formation must be in writing to be enforceable.
Therefore, if Holloway's contract was formed for a period of one year or less and his performance review/renewal could have taken place before the end of that one-year period, then the contract may fall outside of the statute of frauds and would not need to be in writing.
In conclusion, the question of whether the court calculated the date correctly cannot be determined without more information, but if Holloway's contract was for one year or less and his performance review/renewal could have taken place before the end of that one-year period, then the contract may not fall within the statute of frauds.
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Bailey Hill Co. uses the indirect method to determine its net cash flows from operating activities. During the course of the year, the company's Accounts Receivable increased by $28,000 and its Accounts Payable decreased by $14,000. If these are the only two adjustments required to convert net income to net cash provided by operating activities, the combined effect will be a(n):
Answer: d. subtraction of $42,000.
Explanation:
An increase in Current Assets such as Accounts Receivable is considered to be a cash outflow because it means that more assets were not converted to actual cash.
A decrease in Current Liabilities is a cash outflow as well as it means that the company used cash to pay off these liabilities thereby reducing the cash balance.
Combined Effect is therefore = -28,000 - 14,000
= -$42,000
explain sales and purchase documents
Answer:
A sales and purchase agreement (SPA) is a binding legal contract that obligates a buyer to buy and a seller to sell a product or service.
Explanation:
Samsung invested $21,766 in the current year to expand its manufacturing capacity. Assume that these assets have an 8-year life and generate net cash flows of $4,000 per year, and that Samsung requires a 7% return on its investments. (Samsung $s in millions.)
Required:
Compute break-even time. (Round "Break even time" answer to 1 decimal place.)
The break-even time, which is 5.7 years (rounded to 1 decimal place). This means that Samsung will recoup its initial investment in 5.7 years, after which the project will begin generating positive returns.
What is break-even time?
Break-even time is the amount of time it takes for an investment to generate enough cash flows to cover its initial cost, including any associated expenses such as interest and taxes. It represents the point at which the investment becomes profitable and is no longer operating at a loss.
To compute the break-even time, we need to find the point in time at which the cumulative net cash flows equal the initial investment of $21,766. We can use the present value formula to calculate this.
PV = CF / \((1 + r)^{n}\)
Where:
PV = present value (initial investment)
CF = net cash flow per period
r = required rate of return
n = number of periods
Plugging in the given values, we get:
21,766 = 4,000 / \((1 + 0.07)^{1}\) + 4,000 / (1 + 0.07)² + ... + 4,000 / \((1 + 0.07)^{8}\)
Using a financial calculator or spreadsheet software, we can solve for the break-even time, which is 5.7 years (rounded to 1 decimal place). This means that Samsung will recoup its initial investment in 5.7 years, after which the project will begin generating positive returns.
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Text written for advertising and marketing campaigns is referred to as o content. context O copy o collateral
Answer:
always be it and never fail
Explanation:
An investor is holding a stock which has been volatile with returns significantly year-over-year. The initial investment was $1,000 in stock ABC, and it returned the following: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Return 10% -15% 20% 22% -30% 40% What is the geometric returns of Stock ABC for six years
Answer:
the geometric returns of Stock ABC for six years is 5.02%
Explanation:
The computation of the geometric returns of Stock ABC for six years is given below:
= [(1 + r1) × (1 + r2) × (1 + r3) × (1 + r4) × (1 + r5) × (1 + r6)]^1 ÷ 6 - 1
= [(1 + 0.10) × (1 - 0.15) × (1 + 0.20) × (1 + 0.22) × (1 - 0.30) × (1 + 0.40)]^(1 ÷ 6) - 1
= 0.0502 or 5.02%
Hence, the geometric returns of Stock ABC for six years is 5.02%
The above formula should be applied
1. Define decision-making, and discuss programmed and nonprogrammed decisions.
2. More than half of all new businesses do not last six years. What are four general factors that cause failure of business?
3. Which of the following is an example of a company that has identified a new market?
a. Beta Inc. has acquired Venus LLC.
b. Omega Corp. has modified the packaging of all its products.
c. NutriMax has introduced its low-fat cookies in Asia.
d. Delta Inc. is offering discounts on its vacuum cleaners.
e. Redd Inc. has changed its company logo.
4. Microsoft outsources much of its code-writing functions to small firms. This is an example of big business turning to small business for________.
a. services.
b. supplies.
c. raw materials.
d. equipment.
e. capital.
Decision-making is the process of making choices about which actions to take in order to reach a goal.
What is goal?Goal is the desired result or outcome that someone or something strives to achieve. It is an aim or desired end-result that someone works to achieve. Goals can be short-term or long-term, and can apply to any aspect of life such as work, relationships, education, health, fitness, finances, and more.
Programmed decisions are those that are repeated and can be automated or routinized, while nonprogrammed decisions are those that require more research and analysis to determine the best course of action.
The four general factors that cause failure of business include poor management, inadequate capital, insufficient market research, and poor planning.
C. Such organization that has recognized a new market is NutriMax, which just launched its low-fat cookies throughout Asia.
Microsoft contracts with a lot of small businesses to write its code. This is an example of big business turning to small business for services.
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purchased goods of rs 40000 journal entries
The journal entry for Rs. 40, 000 purchases would include a debit to purchases and credit to cash or accounts payable.
How to enter the journal ?The Purchases account is debited because the business has acquired goods, which is an asset. The Accounts Payable account is credited because the business owes money to the supplier for the goods.
Date Account title Debit Credit
XX -XXXX Purchases Rs. 40, 000
Accounts payable Rs. 40, 000
This journal entry will increase the balance of the Purchases account and the Accounts Payable account. The Purchases account will be used to track the cost of goods sold, and the Accounts Payable account will be used to track the amount of money owed to suppliers.
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Who might an HR professional turn to for help in making good use of external
recruitment sources?
OA. A recruitment agency
OB. A corporate manager
OC. A guidance counselor
O D. An advertising firm
A recruitment agency is a source to which the HR professional turn to for help in making good use of external recruitment sources. Thus, option A is appropriate.
Identification, attraction, interviewing, selection, hiring, and onboarding of personnel are all included in the recruitment process. Put it another way, it covers everything from identifying a staffing requirement to meeting it. Various employees are in charge of recruiting, depending on the size of the company.
The entire process of finding, sourcing, screening, shortlisting, and interviewing people for positions within an organization is known as recruitment. The selection of candidates for unpaid positions is another step in the recruitment process.
Thus, option A is correct.
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