Which of the Following Is a Benefit of Studying Organizational

question 5

Multiple Choice

Which of the following is a benefit of studying Organizational Behaviour?

• A)To gain a better understanding of how and why people are organised
• B)To make organisations more efficient
• C)To better understand politics and economics
• D)To improve employee relations 2.

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Definitions:

IFRS

International Financial Reporting Standards, which are accounting rules set by the International Accounting Standards Board (IASB) for the preparation of financial statements globally.

GAAP

Stands for Generally Accepted Accounting Principles, which are a common set of accounting rules and standards used in the United States.

Notes Payable

Written agreements where a borrower promises to pay back a specified sum to the lender at a future date.

Adjusting Entry

A journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period.