Which of the Following Statements Does Not Apply to an Organisation's

question 29

Multiple Choice

Which of the following statements does not apply to an organisation's human resources?

• A)Traditional accounting does not account for human resources very well.
• B)In some organisations, human resources are the key assets.
• C)Human resources can be the only significant asset in some organisations.
• D)All of the above statements apply.

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Definitions:

Punitive Damages

Financial restitution given to a victim that surpasses the required amount for compensating damages and serves to discipline the perpetrator.

Property Insurance Policy

An insurance policy that provides financial reimbursement to the owner or renter of a structure and its contents, in case of damage or theft.

Beneficiary

A legal term referring to an individual or entity entitled to receive benefits or assets under the terms and provisions of a will, trust, insurance policy, or other contract.

Ownership Interest

A person's or entity's legal rights and claims to an asset, reflecting the degree of ownership and entitlement to the benefits that come with the asset.