ABC Company Needed Money to Purchase a New Building

question 1

Multiple Choice

ABC Company needed money to purchase a new building. They borrowed $20,000 from the Richest Bank and signed a note promising to pay the amount back in three months. The entry to record the loan is:

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Definitions:

Employee Recognition Program

is a system or policy implemented by an organization to reward and acknowledge the contributions and achievements of its employees.

Behaviour Modelling Training

An instructional technique that involves demonstrating desired behaviors and giving learners the opportunity to practice them.

Positive Reinforcement

A method in behavioral psychology to increase the likelihood of a desired response by rewarding it.

Organizational Behaviour Modification

A technique used within organizational psychology to improve employee behavior through a system of rewards and penalties.