Table 16-3. -Refer to Table 16-3. If $1,000 Is Deposited into the Deposited

question 320

Multiple Choice

Table 16-3.
-Refer to Table 16-3. If $1,000 is deposited into the First Bank of Fairfield, and the bank takes no other actions, its

• A)reserves will increase by $200.
• B)liabilities will decrease by $1,000.
• C)assets will increase by $1,000.
• D)reserves will increase by $800.

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Definitions:

Organization

An arranged group of people with a particular purpose, such as a business or government department.

Orientation

An introductory phase or process designed to acquaint new employees with the workplace, its policies, and procedures.

Job Assessment

The evaluation of a job's responsibilities, requirements, and importance within an organization to determine appropriate compensation, classification, and staffing needs.

Work Units

Refers to the divisions within a workplace or the smallest identifiable groups working towards a common goal.