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Chapter 01 Introduction to Financial Management Multiple Choice Questions 1. Tim has been promoted and is now in charge of all fixed asset purchases. In other words, Tim is in charge of: A. capital
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01
Fill out the required fields in the promotion form, such as employee name, job title, and current salary.
02
Provide details about the promotion, including the new job title, effective date, and revised salary.
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Indicate any additional benefits or responsibilities that come with the promotion.
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Submit the filled-out form to the HR department for review and approval.
05
Await confirmation from the HR department regarding the promotion status.

Who needs tim has been promoted?

01
The person who needs Tim to be promoted could be his supervisor or manager, as they have the authority to initiate the promotion process.
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The HR department also needs to be aware of Tim's promotion to update the necessary records and make the necessary adjustments to his employment contract.
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Tim himself would also benefit from the promotion as it signifies career growth and potentially leads to higher salary and better job opportunities.

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Tim has been promoted to a higher position within the company.
The HR department or the immediate supervisor of Tim is required to file the promotion.
The promotion of Tim must be documented with details of the new position, effective date, and any changes in salary or benefits.
The purpose of promoting Tim is to recognize his contributions and achievements within the company and provide him with new responsibilities and opportunities.
The report on Tim's promotion must include his name, current position, new position, effective date, and any changes in compensation or benefits.
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