What Is the Second Step in McGregor's Hot Stove Principle

question 3

Multiple Choice

What is the second step in McGregor's Hot Stove Principle?

• A)disciplinary actions should be administered quickly.
• B)discipline should be applied to all employees who violate the rule.
• C)discipline must be impartially imposed
• D)disciplinary procedures should include warnings.

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Definitions:

Total Liabilities

The sum of all debts and financial obligations a company owes to outside parties.

Total Assets

The sum of all resources owned by a company or an individual, valued in monetary terms, which includes tangible and intangible items.

Net Income

The total earnings of a company after subtracting all expenses and taxes from the total revenue.

Comparative Income Statement

A financial statement that presents the revenues, expenses, and net income for multiple periods to facilitate analysis over time.