Which of the Following Statements Is True Regarding Employee Recognition

question 41

Multiple Choice

Which of the following statements is true regarding employee recognition?

• A) Employee recognition is an extrinsic reward.
• B) Critics argue that employee recognition programs are highly susceptible to political manipulation by management.
• C) Employee recognition programs are expensive.
• D) Nonfinancial incentives such as recognition are more motivating in the short term but in the long run financial incentives are more motivating.
• E) Employee stock option is more powerful workplace motivator than recognition.

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Definitions:

Prepaid Item

An expense paid in advance and recorded as an asset until it is actually used or consumed.

Adjusting Entry

Financial records established at the conclusion of an accounting term to assign earnings and costs to the period they truly belong.

Insurance Expense

The cost incurred by a business or individual for purchasing insurance policies to protect against potential losses or liabilities.

Prepaid Insurance

An asset account that represents insurance expenses paid in advance and is recognized as an expense over the period the insurance contract covers.