One of the Functions of a Hierarchical System in the Workplace

question 1

Multiple Choice

One of the functions of a hierarchical system in the workplace is to encourage obedience to rules by

• A) rewarding innovative ideas from all levels of worker.
• B) increasing workers' sense of pride in their accomplishments.
• C) holding out the possibility of advancement as a reward.
• D) ensuring that each worker is rewarded according to his or her contribution.

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Definitions:

Fair Value

Fair Value refers to the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Consolidated Balance Sheet

A balance sheet that aggregates the assets, liabilities, and shareholders' equity of a parent company and its subsidiaries, presenting the financial position of the entire group.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, essentially representing the owners' claim on the company.

Book Value

The net value of a company's assets found on its balance sheet, calculated as total assets minus intangible assets and liabilities.