Which of the Following Best Characterizes the New Social Contract

question 12

Multiple Choice

Which of the following best characterizes the new social contract regarding the relationship between employees and organizations?

• A) Employees who are efficient and are committed are guaranteed job security.
• B) Employees who meet productivity standards are guaranteed increased social services such as child care and flexible work hours.
• C) Employees must fit an organization's needs at the time while job security is fleeting.
• D) Employers act in the best interest of their employees.

---

Definitions:

Write Off

The process of recognizing that a portion of a company's assets has become worthless and expensing them to the income statement.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of a business, whichever is longer.

Net Sales

The net sales of a company, which are calculated by deducting returns, allowances for damaged or missing items, and discounts from total sales.

Credit Sale

A transaction where goods or services are provided to a customer with an agreement to pay at a later date.