………And ………………

question 52

Multiple Choice

………..and ………………. are the two major benefits of training and development

• A)Personal and organizational
• B)Social and industrial
• C)Ethical and motivational
• D)None of the above

Distinguish between current liabilities and long-term debt on balance sheets.

Understand how the social security and Medicare tax rates affect both employees' take-home pay and employers' payroll expenses.

Record the conversion of accounts payable to notes payable through journal entries.

Understand and apply the concept of time value of money in calculating total payment upon note maturation.

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Definitions:

Command

To direct with specific authority or mandate, often used in contexts where decisions or directives must be followed by others.

Lead

To guide or direct a group or organization in achieving its goals by making decisions and setting a strategic direction.

Henri Fayol

A French industrialist and management theorist renowned for developing a general theory of business administration.

Scalar Chain

A hierarchy of authority in an organization where every employee has a clear superior and subordinate, forming a direct vertical line of authority.