Answer the following statements true (T) or false (F)
1.Benefits provide an incentive to employees to continue working for an organization because they feel as if they are being cared for by the organization.
2.Social Security is formally called Old-Age, Survivors, and Disability Insurance.
3.Unemployment Insurance is an insurance program designed to provide medical treatment and temporary payments to employees who cannot work because of an employment-related injury or illness.
4.Minor health condition means an illness, injury, impairment, or physical or mental condition that involves either inpatient care or continuing care for at least 3 consecutive days.
5.Patient Protection and Affordable Care Act is a law that requires employers to offer to maintain health insurance for a period of time on individuals who leave their employment.
1.true
2.true
3.false
4.false
5.false
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Mack has never reported any of his coworkers for unethical behavior despite witnessing it many times. He forms an ethical intention to say something for the first time. What can his organization do to help him follow through with this intention?
a. Provide employees with decision-making tools, such as ethics scenarios and answers. b. Make clear how harsh the punishments are for the specific unethical behavior. c. Reduce the amount of interaction employees have with each other. d. Offer private counseling to all employees.
You should provide an index for any document ___________________
a. longer than 50 pages b. you write without collaboration c. more than five people will read d. to be distributed professionally
Which of the following journal entries would be recorded if a business renders service and receives cash of $900 from the customer?
A) Service Revenue 900 Cash 900 B) Service Revenue 900 Accounts Payable 900 C) Cash 900 Service Revenue 900 D) Service Revenue 900 Accounts Receivable 900
Loos Corporation uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. The direct labor standards for the company's only product specify 0.90 hours per unit at $21.50 per hour. During the year, the company started and completed 26,800 units. Direct labor employees worked 25,220 hours at an average cost of $22.50 per hour.Assume that all transactions are recorded on a worksheet as shown in the text. On the left-hand side of the equals sign in the worksheet are columns for Cash, Raw Materials, Work in Process, Finished Goods, and PP&E (net). All of the variance columns are on the right-hand-side of the equals sign along with the column for Retained Earnings.When the direct labor cost is recorded,
which of the following entries will be made? A. $25,220 in the Labor Efficiency Variance column B. $25,220 in the Labor Rate Variance column C. ($25,220) in the Labor Rate Variance column D. ($25,220) in the Labor Efficiency Variance column