A Company Paid Cash for Employee Wages

question 16

Multiple Choice

A company paid cash for employee wages. This transaction:

• A)increased cash and increased expenses.
• B)increased cash and decreased expenses.
• C)decreased cash and increased expenses.
• D)decreased cash and decreased revenues.

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Definitions:

Formal Authority

The power or right vested in an individual or role within an organization to make decisions, direct others, and enforce rules.

Organizational Politics

Activities and behaviors within an organization aimed at improving personal status or influence, often at the expense of others or the company.

Emerging Field

An area of study or interest that is gaining popularity and is in the process of establishing itself as a distinct area of expertise.

Labor Market

The supply of available workers in relation to available work; the place where workers and jobs interact.