Explain the three types of dismissals.
What will be an ideal response?
Dismissals are of three sorts:
Layoff suggests that a person has been dismissed temporarily and may be recalled later when economic conditions improve.
A downsizing is a permanent dismissal; there is no rehiring later.
Firing means a person was dismissed permanently "for cause" such as absenteeism, sloppy work habits, failure to perform satisfactorily, breaking the law, and the like.
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With respect to the sources of meaningful work articulated by Lips-Wiersma and Morris, what is likely to happen to an employee too far concentrated in the “doing” side of the continuum, even if very selfless?
a. material poverty b. disengagement c. isolation d. burnout
A firm decides to issue stock, pursuant to a stock split, on a 2-for-1 basis. What entry is necessary for this issuance?
a. Retained Earnings Common Stock--Par Value b. Additional Paid-in Capital Common Stock--Par Value c. Retained Earnings Common Stock--Par Value Common Stock--Additional Paid-in Capital d. Common Stock--Par Value Common Stock--Additional Paid-in Capital Retained Earnings e. No journal entry is necessary but the par value of the stock must be restated on a per share basis.
Elizabeth works as the purchasing agent for the business department at the local college. One of the staff members has asked her to order a new desk chair because the stuffing is coming out of her old one. Elizabeth approves the purchase, and the school buys the desk chair. The more Elizabeth researched the chair, however, the more impressed she became. Elizabeth suffers from back problems, and this desk chair had a number of adjustment settings and strong cushioning. Elizabeth operates her own small consulting business from her home office in her off-hours. The chair she currently has for her desk in the office is highly uncomfortable. Despite its expense, Elizabeth decides to purchase the chair for her home office. The first purchase is a _____________, and the second purchase is a
____________________. A. business; consumer B. consumer; consumer C. business; business D. consumer; business E. industrial; consumer
Flood protection insurance is generally administered and subsidized by the federal government through the Department of Housing and Urban Development
Indicate whether this statement is true or false.