Which of the Following Techniques of Encouraging Creativity Is Followed

question 2

Multiple Choice

Which of the following techniques of encouraging creativity is followed by the 3M Company?

• A)Not imposing any rules on creative people.
• B)Giving group rewards for innovation.
• C)Not transferring creative people so that they get to understand various aspects of only the department they are working for.
• D)Allowing free time for innovation.

Understand and identify the different types of accounts and their roles in accounting.

Comprehend and calculate financial ratios such as the debt ratio to evaluate a company's financial health.

Acquire the ability to calculate net income from given accounting information.

Knowledge of the process for recording transactions in journals and ledgers.

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Definitions:

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth over time.

Interest Rate

The percentage of a loan that incurs interest for the borrower, usually shown as an annual rate based on the remaining loan balance.

Current Dollars

A term referring to the nominal value of money at the present time, without adjusting for inflation or deflation.