Lako Systems Studied the Performance of 15 Line Workers Who

question 105

Multiple Choice

Lako Systems studied the performance of 15 line workers who attended a training program and compared their performance with a control group of 15 workers who received OTJ training. The purpose of this comparison is to evaluate the training program on the criterion of

• A)reactions.
• B)behavior.
• C)learning.
• D)return on investment.

Analyze the impact of incorrectly recorded petty cash transactions on financial statements.

Recognize transactions that are appropriate for the petty cash fund and those that are not.

Understand the concept of a Cash Short and Over account and its implications for accounting.

Identify the role of auxiliary petty cash records and vouchers in managing petty cash.

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Definitions:

Constant Returns To Scale

Constant returns to scale occur when a proportional increase in all inputs leads to an equal proportional increase in output, implying efficiency in production.

Human Capital

Abilities, insights, and practice held by a person or community, seen through the lens of their contribution or expenditure to a corporation or state.

Physical Capital

Tangible assets that are used in the production process, such as machinery, buildings, and equipment.

Technology

The application of scientific knowledge for practical purposes, especially in industry, where it affects methods of production, communication, and transportation.