According to FASB,when Should a Company Journalize a Contingent Liability

question 51

Multiple Choice

According to FASB,when should a company journalize a contingent liability?

• A)Journalize the contingent liability,even though you will probably win the lawsuit.
• B)Journalize the contingent liability only if the amount can be estimated and the probability of loss is reasonably possible.
• C)Journalize the contingent liability if it is probable that the loss will occur,and the amount of the loss can be reasonably estimated.
• D)Do not journalize the contingent liability under any circumstances.

Understand the role of organizational measures, such as employee assistance programs, in mitigating stress.

Acknowledge the importance of procedural and distributive justice in organizational settings to reduce stress.

Describe the stages of the general adaptation syndrome and its relevance to stress.

Know the benefits of having realistic job expectations on stress levels and job satisfaction.

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Definitions:

Managers Overloaded

A situation where managers have more work responsibilities or tasks than they can effectively handle.

Bureaucracy

An organizational system with strict rules, procedures, and hierarchy, intended to manage and regulate operations.

Formalized Rules

Explicitly stated regulations or guidelines designed to structure certain behaviors or operations within an organization.

Centralized Authority

A management structure where decision-making and direction come from a single point or very few points within the organization.