Answer the following statements true (T) or false (F)
1. Promoting good customer service employees is smart because they make the best supervisors and finding their replacement is easier.
2. It is harder to promote internal candidates when specialized skills are required.
3. Since a lot of time and money is spent hiring the employee, it is best to ask a top-performer to use on-the-job training as the method to introduce them to the culture.
4. High turnover rates with servers means less productivity due to new server’s lack of experience.
5. For senior positions, one way to ensure diverse thinking in your organization is to hire away your competitor’s top performing talent.
1. False
2. True
3. False
4. True
5. True
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A contingency was evaluated at year-end and considered to have a remote possibility of becoming an actual liability. If this was not reported on the balance sheet or in the notes to the financial statements, what effect would this have on the financial reporting of the company?
A) There would be no effect. B) The liabilities on the balance sheet would be understated. C) The information about the transaction would be inadequately disclosed in the notes. D) The net income of the company would be understated.
Which of the following cognition of psychological empowerment is defined as how much work goals align with your personal standards (i.e., how well the work “fits” your values)?
A. impact B. self-determination C. competence D. meaning
An adjusting entry will not take the format of which one of the following entries?
a. A debit to an expense account and a credit to an asset account b. A debit to an expense account and a credit to a revenue account c. A debit to an asset account and a credit to a revenue account d. A debit to a liability account and a credit to a revenue account e. An adjusting entry could take the format of any choice a through d.
The US is an example of:
a. the Anglo-Saxon model. b. the continental model. c. the ASEAN model. d. the international model.