Institutionalisation Is When

question 46

Multiple Choice

Institutionalisation is when:

• A)an organisation takes on a life of its own.
• B)you become a part of your organisation.
• C)you are offered a lifetime position.
• D)an organisation employs over 1000 people.

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Definitions:

Salaries

Regular payments made to employees for their services, typically expressed as an annual sum but paid in regular installments.

Statement of Cash Flows

A financial report that shows cash inflows and outflows from operating, investing, and financing activities over a specific period.

Indirect Method

Refers to a way of creating the statement of cash flows where net income is adjusted for non-cash transactions, expenses, and changes in working capital.

Merchandise

Goods bought and sold in the course of business, typically in a retail environment.