Wright Offers Seven Principles as a Guide for How Administrators

question 27

Multiple Choice

Wright offers seven principles as a guide for how administrators and supervisors should treat employees. Which of the following is not one of these seven principles?

• A)fair treatment
• B)due process
• C)safety
• D)good benefits

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Definitions:

Cost of Goods Sold

An expense measure that reflects the cost of the materials and labor directly tied to the production of goods sold by a company.

Inventory Purchases

The total amount of goods a company buys for the purpose of reselling them during a particular period, often used to replenish stock levels.

Merchandise

Goods that are bought, sold, or traded, often in the context of retail commerce.

Credit Sales

Sales made by a business where the payment is received after the service or product has been delivered.