With the Rapid Changes Occurring in the Job Market Due

question 14

True/False

With the rapid changes occurring in the job market due to technology,globalization,outsourcing,financial downturn,and even fraud,although most people will go through changes,they will probably only work for ONE company for the majority of their career.

---

Definitions:

Asset Account

A financial account that represents the resources owned by a company, which have future economic value.

Liability Account

An accounting record that represents debts or obligations a company owes to others.

Cash Basis

An accounting method where revenues are recognized when received and expenses when paid, contrasting with accrual basis accounting.

Incurred

Costs or expenses that a company has obtained or become responsible for as a result of its operations.