Gossip Serves an Important Social Function in Organizations Because It

question 61

Multiple Choice

Gossip serves an important social function in organizations because it can

• A) humanize the workplace and helps employees bond with one another.
• B) let employees feel superior to their boss.
• C) curtail employee misbehavior.
• D) give employees accurate information about the organization, individuals, and their relationships.
• E) open up and use informal channels of communication.

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Definitions:

Fair Value

The approximate value for which an asset or liability might be traded between informed, willing participants in a fair deal.

Grant Date

The date on which an employee is given the option to purchase stock at a set price.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that are becoming the global standard for the preparation of public company financial statements.

Statement of Financial Position

A financial statement detailing an organization's assets, liabilities, and equity at a specific point in time, known as the balance sheet.