Human Beings Are Complex, and Few, If Any, Simple and Universal

question 54

Multiple Choice

Human beings are complex, and few, if any, simple and universal principles explain organizational behavior. Nevertheless, it does not mean that OB cannot offer reasonably accurate explanations of human behavior or make valid predictions. It does mean that OB concepts must ________.

• A) focus on the reliability and validity of research data
• B) attempt to establish cause-and-effect relationships
• C) be consistently applicable across a wide range of situations
• D) reflect situational, or contingency, conditions
• E) avoid assumptions

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Definitions:

Monetary Assets

Monetary assets are financial assets that are cash or can be quickly converted into a known amount of cash with minimal risk of changes in value.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Notes Receivable

Financial assets representing money owed to the holder of the note, usually in the form of a formal written agreement.

Common Stock Account

An equity account on a company's balance sheet representing the value of shares issued by the company and held by shareholders.