Which of the Following Cases Exemplifies Involuntary Turnover

question 57

Multiple Choice

Which of the following cases exemplifies involuntary turnover?

• A) Jane worked hard on a project for four months, but when the project got shelved, she felt demotivated and quit the company.
• B) Lisa loved her job, but quit when she noticed that a lot of employees were being laid off.
• C) Mary announced her retirement a day after her 40th birthday.
• D) Pauline was asked to leave the company due to poor performance on a project that incurred huge losses for her firm.

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Definitions:

Assets

Resources owned by a company that have economic value and can provide future benefits.

Liabilities

Liabilities are financial obligations or debts owed by a business to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Reversing Entry

An accounting entry that is made at the beginning of an accounting period to reverse or cancel out a previously made adjusting entry.

Salaries Expense

The total amount of salary payments owed to employees for work performed during a specific period.