Which of These Is Correct? an Advantage of the Comprehensive

question 3

Multiple Choice

Which of these is correct? An advantage of the comprehensive income approach to profit measurement is:

• A) profit is determined conceptually not arbitrarily
• B) no revenue or expense items bypass the income statement
• C) the method gives the most useful profit for estimating future profit performance
• D) A and B are both correct

Grasp the knowledge on determining employee salary at specific ages.

Learn how to use spreadsheets for calculating project completion times.

Comprehend the method to calculate employee and employer contributions at different ages.

Understand the functionalities and limitations of two-way data tables.

---

Definitions:

Equity Theory

A theory in social psychology that suggests individuals evaluate their relationships based on the balance or fairness of what they give and receive.

Procedural Fairness

Fairness that occurs when the process used to determine work outcomes is seen as reasonable.

Distributive Fairness

The perceived fairness of outcomes distributed within an organization, including resources, rewards, and responsibilities.

Social Loafing

A phenomenon where individuals exert less effort when working in a group than when working alone.