Managers Should Only Allow Nepotism to Happen When They Feel

question 43

True/False

Managers should only allow nepotism to happen when they feel there is no resulting gender discrimination.

---

Definitions:

Retained Earnings

Retained earnings are the portion of a company’s profits that is kept or retained rather than being paid out as dividends to shareholders or reinvested into the business.

Closing Entries

Entries recorded at the conclusion of an accounting cycle to shift balances from temporary to permanent accounts.

Charters

Legal documents that establish a corporation or other organization, setting forth the name, purpose, regulations, and structure of the entity.

State Laws

The legal guidelines and regulations enacted by individual states in the United States, varying significantly from one state to another.