In the First Month of Operations, the Total of the Debit

question 55

Multiple Choice

In the first month of operations, the total of the debit entries to the Cash account amounted to $1,400 and the total of the credit entries to the Cash account amounted to $800. The Cash account has a

• A) $800 credit balance.
• B) $1,400 debit balance.
• C) $600 debit balance.
• D) $600 credit balance.

Recognize the implications of mergers, acquisitions, and other corporate strategies on human resources.

Appreciate the role of teamwork in enhancing job significance and organizational efficiency.

Understand the changing requirements for recruitment due to shifts toward cognitive and interpersonal skills in the workforce.

Understand the reasons for and implications of various HRM practices such as outsourcing, offshoring, and reengineering.

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Definitions:

Voluntary Contract

An agreement entered into freely by two or more parties, where each party has the ability to accept or reject the terms of the agreement.

Competent Persons

Individuals who have the necessary ability, knowledge, or qualifications to perform a specific task or duty effectively.

Proportionately Shared

Equitably distributed or allocated among participants according to their respective shares, responsibilities, or contributions.

Limited Partnership

A business structure involving at least one general partner, who manages the business and is liable for debts, and one or more limited partners, whose liability is capped at their investment.