The Ending Balance of Owner's Capital Is Calculated as

question 28

Multiple Choice

The ending balance of owner's capital is calculated as

• A) Owner's capital account balance plus profit minus the withdrawals account balance
• B) Owner's capital account balance minus loss plus the withdrawals account balance
• C) Profit minus the withdrawals account balance
• D) Assets plus liabilities
• E) None of these answers is correct.

Differentiate between the processes of training and development within an organization.

Recognize the importance of stakeholder participation in the organizational learning and improvement process.

Describe the phases involved in the training program model.

Explain the contexts and advantages of on-site but not on-the-job training programs.

---

Definitions:

Extended Leave

A period of absence from work granted to employees for reasons such as medical conditions or family care, which is longer than typical vacation or sick leave.

Performance Standards

The expected levels of performance that set the benchmark for the quality and effectiveness of work activities or outcomes.

Incentive Systems

Programs or strategies designed to motivate and reward employees in order to enhance their performance and productivity.

Establishing

The process of setting up or starting something, such as a business, a relationship, or a system.