Notes Payable That Have Been Repaid in Full Should Be

question 20

Multiple Choice

Notes payable that have been repaid in full should be

• A)destroyed so that they will not be paid again inadvertently.
• B)cancelled and destroyed.
• C)cancelled and returned to the creditor.
• D)cancelled and retained by an authorized company official.

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Definitions:

Interactional Justice

The perception of fairness in interpersonal interactions, especially in terms of how decisions and information are communicated.

Restorative Justice

A system of criminal justice that focuses on the rehabilitation of offenders through reconciliation with victims and the community at large.

Distributive Justice

An ethical principle concerning the fair and equitable allocation of resources and benefits among all members of a society.

Progressive Discipline

A method of dealing with job performance problems that escalates through a series of steps, from verbal warnings to written warnings to suspension and, finally, termination.