Two Changes in the World That Have Led Organizational Psychologists

question 115

Multiple Choice

Two changes in the world that have led organizational psychologists to begin to consider cultural issues in the workplace are

• A)the U.S Civil Rights movement and affirmative action.
• B)affirmative action and a worldwide trend toward globalization.
• C)an increase in the number of workplace discrimination lawsuits and a worldwide trend toward globalization.
• D)the U.S.Civil Rights movement and an increase in the number of workplace discrimination lawsuits.

Understand the treatment and impact of NSF cheques and bank service charges on accounting records.

Comprehend the purpose and components of a bank reconciliation process.

Identify items that require adjustment in a bank reconciliation and their effects on the balance per books and balance per bank.

Understand the roles and responsibilities in the management of cash disbursements and the importance of control activities such as segregation of duties and use of prenumbered cheques.

---

Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a given market.

Marginal Cost Function

A mathematical representation showing how the cost of producing one additional unit of a good changes as the quantity of production varies.

Marginal Benefit

The extra pleasure or benefit gained by a person when they consume one more unit of a specific product or service.

Moral Hazard

The situation where one party is involved in a risky event beyond their control but is protected against the risk because another party bears the cost of those risks.