Artie Gave Each of His Employees a Holiday Bonus

question 21

Multiple Choice

Artie gave each of his employees a holiday bonus.The amounts ranged from $100 to $100,000,based on the percentage of contribution of that employee to corporate base revenue.This action is an example of the ________ rule of reward allocation.

• A)equity
• B)equality
• C)need
• D)respect
• E)divisive

Recognize the necessary adjustments for NSF (Not Sufficient Funds) checks and bank service charges.

Identify cash and cash equivalents with respect to their reporting on the balance sheet.

Apply the principles of the fraud triangle to understand risks and prevention measures.

Grasp the significance of proper authorization and documentation in the internal control system.

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Definitions:

Enlistments

The act of signing up for duty in the armed forces voluntarily.

Recruiting Quotas

Set numbers or percentages of individuals that an organization, such as the military, aims to enroll or recruit within a specific time period.

Militia

A military force that is raised from the civil population to supplement a regular army in an emergency.

Neutral Shipping

The practice of merchant ships from neutral countries conducting trade without engaging in hostilities during a time of war.