The Flying High Company Recorded a Net Profit for the Year

question 45

Multiple Choice

The Flying High Company recorded a net profit for the year but paid no dividends. Comparing the balance sheet at the end of the year with the one at the beginning of the year, which of the following must be true?

• A) Current assets would be higher.
• B) Non-current assets would be higher.
• C) Liabilities would be higher.
• D) Shareholders' equity would be higher.

Recognize the variation in costs and benefits across different sizes and types of firms.

Understand the role and objectives of voluntary and legally required public protection programs.

Understand the administration and importance of benefits compliance.

Grasp the emerging trends and management approaches in employee benefits.

---

Definitions:

Cooperation Theory

A belief in cooperation and collaboration rather than competitiveness as a strategy for building teamwork.

Competition

Competition refers to the rivalry among businesses or individuals for resources, customers, or market share.

Micromanagement

An excessive control or attention to details in management, often to the extent of hindering the autonomy and development of employees.

Monitors

Devices used to display visual information from computers, though in a general context, it also refers to individuals or mechanisms that oversee or check for compliance.