A Manager's Private Life Is Irrelevant to the Way Employees

question 46

True/False

A manager's private life is irrelevant to the way employees and other key stakeholders perceive the manager's ethics,as long as no significant problems reach the news media.

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Definitions:

Credit Side

The right side of an accounting ledger where increases in liabilities, equity, and revenue accounts, or decreases in assets and expense accounts are recorded.

Normal Balance

The side (debit or credit) of an account that is typically increased. For assets and expenses, it's debit; for liabilities, equity, and income, it's credit.

Account

A record that keeps track of all financial transactions related to an asset, liability, equity, revenue, or expense.

Increases

The action or process of becoming larger in quantity, size, amount, or degree in a financial or numerical context.