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Smart Art Is a New Establishment

question 77

Multiple Choice

Smart Art is a new establishment.During the first year,there were credit sales of $40,000 and collections of credit sales of $35,000.One account for $650 was written off.The company decided to use the percentage of sales method to account for bad debts expense and decided to use a factor of 3% for their year-end adjustment of bad debts expense.At the end of the year,the balance of bad debts expense would be:

Recognize the role of deindustrialization and economic theory in shaping the American economy and workforce.

Understand the enhancements and efficiencies that technology introduces to HR processes.

Recognize the various digital platforms and service models used in HR, including HRIS, ERP, and self-service systems.

Identify the roles and benefits of outsourcing HR functions and the types of activities that can be outsourced.

Definitions:

Autokinesis

Optical illusion in which a pinpoint of light shining in complete darkness appears to move about.

Norm Formation

The process by which new norms or standards of behavior are established and adopted within a social group.

Sherif's Study

A series of experiments by Muzafer Sherif that investigated how social norms and group dynamics influence behavior, notably through the Robbers Cave Experiment.

Administering Electric Shocks

A procedure often used in psychological experiments where subjects are given the ability to deliver an electric shock to another participant or themselves under certain conditions.