Which of the Following Describes the Employees of an Organization

question 61

Multiple Choice

Which of the following describes the employees of an organization in terms of their training,experience,judgment,intelligence,relationships,and insight?

• A) performance management
• B) human capital
• C) tangible capital
• D) traditional management
• E) working capital

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Definitions:

Accrued Interest Expense

The amount of interest that has been incurred but not yet paid during a particular period.

Adjustments

Entries made in accounting records to correct errors or allocate revenues and expenses to the appropriate accounting period.

Depreciation

The procedure of distributing the cost of a solid asset over the time it is considered useful.

Accrual Basis

A system in bookkeeping where earnings and expenses are documented at the point of transaction, not necessarily when cash exchanges hands.