Dan Has Two Children in College and Another One Graduating

question 152

Multiple Choice

Dan has two children in college and another one graduating from high school next year.His financial responsibility is considerable.He is worried that he might be laid off from his current job,since a new CEO known for downsizing recently joined the company.Dan finds out about an opening in his field at a growing organization that is known for retaining and developing employees,including extensive employee training programs as well as a policy of hiring and promotion from within.Dan tailors his resume to the requirements of the job,and drops it off in person at the human resource office.Which of the following core phases in the motivation process is not represented in this example?

• A) employee selects goal directed behaviors
• B) employee searches for ways to satisfy these needs
• C) employee receives either rewards or punishments
• D) employee identifies needs

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Definitions:

Net Income

The net income a business earns following the deduction of all costs, taxes, and expenses from its total revenue.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used as the basis for preparing financial statements.

Ledger

A comprehensive collection of accounts that records all financial transactions of a business, categorized for reporting and analysis purposes.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.