Mary Has Been Given a Reminder to Self-Evaluate Her Actions

question 78

Multiple Choice

Mary has been given a reminder to self-evaluate her actions in a recent disciplinary case against her. What type of disciplinary procedure is the most likely being used here?

• A) progressive discipline
• B) positive discipline
• C) step-review discipline
• D) cooperative discipline

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Definitions:

Deferral

An accounting principle that postpones the recognition of an expense or revenue to a future accounting period.

Accrual

The accounting method that recognizes revenues and expenses when they are incurred, regardless of when cash is exchanged.

Unexpired Insurance

The portion of paid insurance premiums that is applicable to future periods, representing coverage that has not yet been used or expired.

Accrued Asset

An asset that represents revenues or incomes that have been earned but not yet received in cash or recorded.