Answer the following statements true (T) or false (F)
A troubled debt restructuring occurs when a creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider.
ANSWER: T
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Many companies choose to end their fiscal years during a part of the year when they expect low activity.
Answer the following statement true (T) or false (F)
Following are some of the county's governmental funds. The county has asked you to determine is any of the funds listed should be classified as major funds based on the GASB size criteria. Clearly indicate which fund(s) you believe should be classified as major and provide support for your choice(s). General FundSpecial Revenue FundDebt Service FundTotal of allGovernmental FundsTotal of allGovernmental & Enterprise FundsAssets12,000,0001,000,000500,00015,000,00021,000,000Liabilities3,000,000250,00030,0004,580,0005,890,000Revenues10,000,000600,0001,450,00013,770,00017,123,000Expenditures/Expenses9,859,000725,0001,300,00013,460,00016,665,000
What will be an ideal response?
Which of the following is an example of using performance management to fulfill an administrative purpose?
A. Develop employees who are effective at their jobs. B. Identify employees' strengths and weaknesses and link employees to appropriate training and development activities. C. Define the results, behaviors, and, to some extent, employee characteristics that are necessary. D. Confront employees with their performance weaknesses. E. Use performance appraisal to make decisions such as pay raises, promotions, retention-termination, layoffs, and recognition of individual performance.
Public sector employees have far greater privacy rights than those in private industry because the Fourth Amendment does not limit how a private employer treats its employees
a. True b. False Indicate whether the statement is true or false