_____ Ranking Consists of a Manager Looking at a List

question 41

Multiple Choice

_____ ranking consists of a manager looking at a list of employees,deciding who the best employee is,and crossing that person's name off the list.From the remaining names,the manager decides who the worst employee is and crosses that name off the list-and so forth.

• A)Simple
• B)Alternation
• C)Reverse
• D)Forced

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Definitions:

Journal Entry

A record of a business transaction in an accounting system, which includes debits and credits in appropriate accounts to maintain the ledger's accuracy.

Date of Payment

The specific day on which payment is made or received.

Dividends Payable

A liability account recording the amount a company owes to its shareholders in announced dividends to be paid.

Retained Earnings

Retained earnings refer to the portion of a company's profits that is retained or kept within the company instead of being paid out to shareholders as dividends, to be reinvested in business operations or to pay off debt.