Part-Time Workers Who Want Full-Time Work Are Counted as

question 69

Multiple Choice

Part-time workers who want full-time work are counted as

• A)unemployed, and therefore the official unemployment rate may overstate the level of unemployment.
• B)unemployed, and therefore the official unemployment rate may understate the level of unemployment.
• C)fully employed, and therefore the official unemployment rate may overstate the level of unemployment.
• D)fully employed, and therefore the official unemployment rate may understate the level of unemployment.

Calculate compensation expense related to stock appreciation rights (SARs) and stock options.

Interpret the accounting treatments for compensatory and performance-based stock option plans.

Analyze the impact of employee turnover on compensation expense calculations.

Account for the conversion of preferred stock to common stock.

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Definitions:

Foot-In-The-Door Phenomenon

A psychological tactic involving getting someone to agree to a small request to increase the chances of them agreeing to a larger request later.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting thoughts, beliefs, values, or attitudes.

Role-Playing

A teaching or training technique that involves acting out situations or assuming the roles of characters to simulate real-life scenarios.

Cognitive Dissonance Theory

The theory that we act to reduce the discomfort (dissonance) we feel when two of our thoughts (cognitions) are inconsistent. For example, when our awareness of our attitudes and of our actions clash, we can reduce the resulting dissonance by changing our attitudes.