Employee Volunteer Programs Benefit Firms but NOT Because They

question 9

Multiple Choice

Employee volunteer programs benefit firms but NOT because they

• A)produce greater loyalty among employees.
• B)offer employees additional vacation time.
• C)increase employee retention rates.
• D)promote a favorable image of the organization within its community.

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Definitions:

Net Income

The amount of profit left over after all expenses, taxes, and costs have been subtracted from total revenue.

Retained Earnings

The part of net earnings a corporation keeps instead of paying out to its shareholders in the form of dividends.

Noncumulative

A term often used to describe preferred stocks or dividends that do not accumulate if they are unpaid or not declared.

Nonparticipating

Describing a type of insurance policy or preferred stock where the holder is not entitled to share in the company's profits beyond a specified amount.