An Organization That Wishes to Use Personality as a Criterion

question 25

True/False

An organization that wishes to use personality as a criterion must be certain that successful and unsuccessful employees can be distinguished in terms of their personalities.

Identify and classify accounts as temporary or permanent.

Understand the process of closing accounts including the effects on the capital account.

Determine the effects of closing entries on net income, net loss, and individual account balances.

Comprehend the purpose and procedure of closing entries in the accounting cycle.

---

Definitions:

Social Comparison

The process by which individuals evaluate themselves by comparing their abilities, status, and situation with others.

Strategic Plan

a documented course of action designed to achieve long-term goals and objectives, outlining the organization's strategy for execution.

Fundraising Scaffold

A strategic framework or support structure designed to enhance and guide the process of raising funds.

Gift Standards Chart

A guideline or tool used by nonprofit organizations to categorize and manage donations effectively, ensuring that gifts are recorded, acknowledged, and utilized according to donor intentions.