Which of the following statements is true of monitoring?
A. Monitoring allows workers to control their environment.
B. Monitoring tends to create a friendly workplace without any suspicions.
C. Monitoring ensures effective performance by preventing the loss of productivity to inappropriate technology use.
D. Monitoring enables employers to legally access confidential medical information about their employees.
Answer: C
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To record an asset source transaction, an asset account would be debited and a liability or stockholders' equity credited.
Answer the following statement true (T) or false (F)
[The following information applies to the questions displayed below.]The Yankee Corporation has recently begun to accept credit cards. On July 7, Year 1, Yankee made a credit card sale of $600. The credit card company charges a fee of 3% for handling a credit card transaction.Which of the following correctly shows the effects of the sale on July 7? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt of CashFlowsA.600 18 582582 NA 582NAB.582 NA 582600 18 582582 OAC.582 NA 582600 18 582NAD.600 NA 600600 NA 600NA
A. Option A B. Option B C. Option C D. Option D
The Electronic Signatures in Global and National Commerce Act (E-SIGN Act) provides that record retention requirements ________.
A. are satisfied if records are stored electronically B. are not satisfied if records are stored electronically C. are satisfied if the records are stored electronically, as long as there is microfilm back-up D. are satisfied if the records are stored electronically, as long as there is a paper file back-up
Given the following information about a corporation's current year activities, compute the retained earnings for the current year. Retained earnings, December 31 (prior year)$280,000Cost of goods sold$90,000Other operating expenses$54,000Cash dividends$31,800Correction of understatement of net income in prior ?period (inventory error)$23,000Stock dividends$20,000Net income$36,000
What will be an ideal response?