Megan Graduated from College Three Years Ago and Has Been

question 5

Multiple Choice

Megan graduated from college three years ago and has been working at Sterba Inc. ever since. A conscientious employee, she has consistently received good performance evaluations. She recently found out that a younger colleague, who was just recruited to her team, is drawing a higher salary than she is for doing the same type of work.
-Based on the equity theory, which of the following, if true, would strengthen the argument that Megan is trying to gain a sense of equity by distorting her perception of herself?

• A) She thinks that her colleague is paid more because she is an Ivy League graduate.
• B) She believes that she is less capable than her colleague.
• C) She assumes that her colleague received a higher package due to changes in industry standards.
• D) She believes that her salary is not commensurate with her skills and experience.
• E) She believes that she is doing a lot better career-wise compared to the people with whom she graduated.

Recognize differences and similarities between IFRS and GAAP in accounting practices.

Understand the concept and application of double-entry accounting worldwide.

Know the proper treatment of business transactions (increases and decreases) in the double-entry system.

Understand the effects of business transactions on the accounting equation.

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Definitions:

Japanese Management Models

Management practices and principles that originate from Japan, focusing on continuous improvement, long-term employment, consensus decision-making, and strong company loyalty.

North American Management

A management approach typically observed in organizations located in North America, characterized by its emphasis on decentralization, flexibility, and individual initiative.

Autonomy and Entrepreneurship

This refers to the capacity of individuals or teams to make independent decisions and pursue innovative ventures within the constraints of an organization.

Closeness of Supervision

The degree to which managerial oversight and control are applied in the oversight of employee tasks and responsibilities.