Define organizational behavior (OB). How does it differ from human resource management (HRM)?
What will be an ideal response?
OB is a field of study devoted to understanding, explaining, and ultimately improving the attitudes and behaviors of individuals and groups in organizations, whereas HRM uses the theories and principles studied in OB and explores the practical applications of those principles in organizations.
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Which of the following is not true concerning conceptual frameworks?
a. The FASB, but not the IASB, relies on a conceptual framework to guide their standard-setting decisions. b. The conceptual framework is not a rigorous set of principles from which standard setters can logically deduce appropriate financial reporting standards. c. The purpose of a conceptual framework is to guide standard-setting decisions in order to enhance the quality and consistency of those decisions. d. The FASB and the IASB have separately developed their conceptual frameworks, and those frameworks are similar. e. The FASB and the IASB are currently working to develop a common conceptual framework for financial reporting.
Markets that will do well in the future include telecommunications and the energy sector
What will be an ideal response?
Generally speaking, which of the following would not directly affect a company's income tax payments?
A. Land owned by the firm. B. Gain on sale of machinery. C. Loss on sale of building. D. Sales revenue. E. Advertising expense.
The second step in analyzing a transaction is to determine:
A) if the account balance will increase or decrease. B) the accounts that are involved. C) the type of accounts that are involved. D) which accounts are to be debited and credited.