Organizational Commitment Refers to an Employee's Contractual Obligation to Provide

question 167

True/False

Organizational commitment refers to an employee's contractual obligation to provide a minimum amount of time and effort to the organization in return for a fair day's pay from the organization.

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Definitions:

Credit Purchase

The acquisition of goods or services with an agreement to pay later, usually within an agreed period.

Recorded

The act of entering financial transactions into the accounting records of a business.

Bill Paid

An event where an obligation, often recorded as an accounts payable, is settled by paying the outstanding amount.

Accounts Receivable

Customer indebtedness to a company for the provision of goods or services that remain unpaid.