The Grapevine Is

question 115

Multiple Choice

The grapevine is:

• A)controlled by management.
• B)perceived by most employees as being more reliable than formal communication issued by top management.
• C)Rarely found in organisations.
• D)usually inaccurate.

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Definitions:

Rent Expense

The cost incurred for using a property or space for business or residential purposes.

Contra Asset Account

An account that offsets or reduces the balance of a related asset account, used to record reductions or allowances, like accumulated depreciation.

Balance Sheet

A financial statement that presents a company's financial position at a specific point in time, showcasing assets, liabilities, and shareholders' equity.

Accrued Salaries

Salaries that have been incurred but not yet paid, recognized as a liability on the balance sheet until paid to employees.