Revenues and expenses are temporary accounts and are closed at the end of the accounting period.
Answer the following statement true (T) or false (F)
True
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Technical specialization and division of labor in an organization lead to ________ in an organization.
A. bureaucracy B. differentiation C. integration D. conglomeration E. decentralization
Chandler is the owner of a restaurant called KC Kitchen. He decides to increase employee motivation by introducing benefit packages. However, Alivia, the manager, suggests that employees will be more motivated if Chandler increases their actual wages. Which statement, if true, strengthens Alivia's argument?
A. Most of the employees at KC Kitchen belong to the age group that looks forward to pensions. B. Benefit packages are more difficult to understand by employees than pay structures. C. Employees do not prefer cash compensation due to higher tax rates. D. The state has introduced mandatory requirements for employee benefits. E. Chandler's competitor, Henry, gives many benefits to his employees.
Which of the following is identified to cover major unforeseen risks and, hence, are applied to the total project?
A. Time buffers B. Management reserves C. Activity reserves D. Project reserves E. Budget reserves
A(n) ________ is the present transfer of an existing right
A) garnishment B) assignment C) attachment D) consideration