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Peer Relationships in an Organization

question 23

Multiple Choice

Peer relationships in an organization

Understand how external requirements (e.g., laws, regulations) influence the need for certain training programs.
Understand the application and utility of Mager and Pipe's decision tree in addressing performance issues.
Recognize what compliance training entails and be able to provide examples.
Identify alternatives to training for solving performance problems.

Definitions:

Financial Liability

An obligation that requires the entity to transfer economic benefits including money, goods, or services to another entity as a result of past transactions or events.

Convertible Debt

A type of bond or other form of debt that can be converted into a specified number of shares of the issuing company's stock at certain times during its life.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards, principles, and procedures that companies must follow when compiling their financial statements.

APB

The Accounting Principles Board, which was an organization that set standards for financial reporting and accounting in the past, succeeded by the FASB.

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