For Each Statement Provided, Choose the Letter of the Appropriate

question 76

Multiple Choice

For each statement provided, choose the letter of the appropriate term from the list that each statement best describes.Some terms may be used more than once, while others are not used at all.
-The portion of owner's equity that represents the net income less any dividends paid over the life of the entity.

• A)Capital stock
• B)Asset
• C)Owners' equity
• D)Time period
• E)Dividends
• F)Economic entity concept
• G)Expense
• H)Retained earnings
• I)Cost principle
• J)Creditor
• K)Liability
• L)Revenue
• M)Going concern
• N)Monetary unit
• O)Corporation

Recognize the implications of defined benefit and defined contribution plans for employers and employees.

Comprehend the factors promoting and hindering the implementation of flexible benefit plans.

Analyze the impact of benefit plan design and funding on organizational cost and liability.

Understand the role of indirect pay in attracting and retaining employees.

---

Definitions:

Industrialization

The process in which a society or country transforms itself from a primarily agrarian society into one based on the manufacturing of goods and services.

Privatization

The process of transferring ownership of a business, enterprise, agency, or public service from the government to private individuals or organizations.

Deregulation

The process of removing government regulations, oversight, and involvement from an industry.

Subsidization

Financial assistance granted by the government or an organization to support an economic sector, business, or consumer, making the goods or services more affordable.