Though Not Formally Written, an Organization Allows Its Employees to Dress

question 21

Multiple Choice

Though not formally written, an organization allows its employees to dress casually on Fridays.This is a(n) _____ of the organization.

• A)policy
• B)rule
• C)standard operating procedure
• D)contingency plan
• E)ethical code

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Definitions:

Discount

A reduction from the full price or value of a good, service, or financial instrument.

Face Amount

The nominal value stated on the face of a financial instrument, such as a bond, that the issuer promises to pay at maturity.

Prepaid Property Tax

An expense recorded when property taxes are paid in advance before they are due, treated as an asset on the balance sheet.

Property Tax Expense

An expense recorded to reflect the cost of property taxes levied by local governments, often related to real estate owned.