Scenario: Allison Albright Your Roommate, Allison Albright, Is a Non-Business

question 122

Multiple Choice

Scenario: Allison Albright Your roommate, Allison Albright, is a non-business major.When she discovered that you are taking a course in Organizational Behavior, she was thoroughly confused as to why one would need to study OB and what it entails.Based on what you have studied, can you help Allison obtain knowledge of organizational behavior?
Allison should understand that organizational behavior knowledge:

• A)should never be used to influence the behavior of other people.
• B)should be used only by managers and senior executives.
• C)should never replace common-sense knowledge about how organizations work.
• D)is relevant to everyone who works in organizations.
• E)is an independent science that has evolved independently.

Understand the accounting treatment for the disposal, sale, exchange, and discarding of fixed assets.

Recognize how different transactions affect the recording of gains or losses on assets.

Understand the process for recording the disposal of fixed assets including the role of accumulated depreciation.

Distinguish between the accounting treatment of tangible and intangible assets, including amortization and research and development costs.

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Definitions:

Dependence

The state of relying on or needing someone or something for aid, support, or the like.

Retirement Planning

The process of determining retirement income goals, risk tolerance, and the actions and decisions necessary to achieve those goals.

Retirement Decision Making

The process of planning and determining when and how to retire, which can involve financial, emotional, and lifestyle considerations.

Adjustment To Retirement

The process of adapting to a new lifestyle and identity after leaving one's career and transitioning into retirement, which can involve significant psychological and social changes.