To Effectively Recognize Good Performance in a Way That Motivates

question 75

True/False

To effectively recognize good performance in a way that motivates employees,the small business owner is forced to use financial rewards.

---

Definitions:

Asset Account

An account on a company's balance sheet that represents a resource with economic value that is controlled or owned.

Going Concern Assumption

The assumption that the company will continue in operation for the foreseeable future.

Accounting Principles

Fundamental guidelines or rules that govern the field of accounting and ensure the accuracy and consistency of financial statements.

Accrued Revenues

Income recognized on the income statement but not yet received in cash or recorded by the company.