Max Stays with XYZ Company Because He Fears He Cannot

question 13

Multiple Choice

Max stays with XYZ company because he fears he cannot get another job. This is an example of:

• A) a cognitive commitment.
• B) affective commitment.
• C) normative commitment.
• D) continuance commitment.

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made for accruals, deferrals, and other adjustments.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts in preparation for the next accounting period.

Financial Statements

Formal records that outline the financial activities and condition of a business, organization, or individual, commonly including the balance sheet, income statement, and cash flow statement.

Balance Sheet Columns

Columns typically found in a balance sheet used to report a company's financial position at a certain point in time, showing assets, liabilities, and shareholders' equity.