Stock Ownership Plans

question 41

Multiple Choice

Stock ownership plans:

• A)make employees part owners of the organization.
• B)are intended to encourage employees to focus on the success of the organization as a whole.
• C)may not have a strong effect on individuals' motivation.
• D)usually take the form of stock options or employee stock ownership plans.
• E)all of the choices are correct.

Recognize the criteria for determining a subsidiary’s functional currency.

Differentiate between the presentation currency translation (PCT) method and the functional currency translation (FCT) method.

Understand how dividends are translated in foreign currency operations.

Identify the exchange rates used for translating different types of transactions and balances in financial statements.

---

Definitions:

Personal Relationship

A close connection between two or more individuals, formed through emotional bonds and interactions.

Jesus Christ

A central figure in Christianity, believed by Christians to be the son of God and the savior of humanity.

Great Awakening

A series of religious revivals in the American colonies during the 18th century, marked by a resurgence of evangelical fervor and the spread of new religious movements.

Georgia Colony

A British colony established in 1732, the last of the original Thirteen Colonies, named after King George II of Great Britain.