Tim Is Javier's Manager at an Engineering Firm

question 85

Multiple Choice

Tim is Javier's manager at an engineering firm. Tim expects Javier to report to him daily with the status of a very important project. Javier is bothered by the amount of time that the daily report takes away from his actual work, but he complies to the expectation and everyday, for five days, sends a one page report to Tim detailing what he has done. At the end of the fifth day, Tim has not replied to Javier's e-mails confirming receipt, nor given any feedback. What can you expect to happen due to the breakdown of the psychological contract?

• A) Javier will abandon the project.
• B) Javier will continue to send the long reports.
• C) Tim will fire Javier for failing to comply.
• D) Javier will report Tim to upper management.
• E) Javier will send fewer or smaller reports.

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Definitions:

Income Summary Account

A temporary account used in accounting to transfer the sums of revenues and expenses at the end of an accounting period.

Dividends Declared Account

An account used to record the amount of dividends that a company's board of directors has decided to distribute to its shareholders.

Post-closing Trial Balance

A list of all accounts still open after closing entries are made, used to verify the equality of debits and credits.

Retained Earnings

The portion of net income that is kept by the company rather than distributed to shareholders in the form of dividends to be reinvested in the business or pay off debt.