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How to create a balance sheet

How to create a balance sheet. 28. True or False. Under U.S. law, any person who pays taxes can contribute to an IRA, and the contributions are tax-free.

 

44. True or False. Managers, executives, and lower level employees should all go through the same type of termination process.

 

49. True or False. If an organization offers leave benefits beyond those required by law, it should never make a declarative statement about this in its handbook

 

51. Which of the following assessments does not always need to be considered depending on the international assignment?

A. Person-organization fit

B. Personality-job fit

C. Language ability

D. Suitability of immediate family

 

52. The ERISA Act requires all of the following except:

A. All employees who have worked for more than one year and are over 21 years of age must be offered participation in any company-sponsored retirement plans.

B. Federal vesting rules must be followed, with a maximum vesting period of 100% at five years, or 20% per year from years 3 through 7.

C. Employee retirement accounts must be portable. When the employee changes jobs, their retirement funds can be transferred to their new employer or another qualified investment.

D. Fiduciaries who manage company retirement programs must act under the prudent man concept that says they should use care and diligence when investing retirement funds.

E. All employers must provide some form of employee retirement system for employees who are over the age of 21 and who request retirement accounts.

 

53. Maria is conducting a job evaluation in her organization by breaking each job down into component skills or abilities. After she completes that task, she will assign points to each skill or ability based on its difficulty. Maria is using the ________ method of job evaluation.

a. job ranking

b. point-factor

c. factor comparison

d. job hierarchy

 

54. Giorgio intentionally inserted an Internet worm into his company’s computer systems because he received low evaluation scores this period. Giorgio is guilty of:

A. Gross negligence

B. Just cause

C. A mistake

D. Employee resistance to change

E. Serious misconduct

 

55. Variable pay is:

A. compensation based on the reduction of the company’s variable costs.

B. compensation that varies based on the number of hours an employee works.

C. a payment made to a supplier in multiple installments.

D. compensation awarded on the basis of individual results or performance.

E. a payment made to employees based on willingness to work overtime.

 

56. John is always working to improve his cultural competence because his organization competes on a global scale with facilities in many different countries and no real “headquarters” in any country. John’s organization is in the ________ stage of corporate globalization.

a. domestic

b. international

c. multinational

d. transnational

 

57. Signs of potential violence include all but:

A. verbal threats

B. stalking and harassment

C. alcohol and/or drug abuse

D. employee cohesion

E. intentional property damage

 

58. Carl was dealing with a difficult employee problem. Doubting that he can remain objective in the situation, Carl asks Andrei to help him resolve the situation. It appears Carl is using the _________ ethical approach.

a. Golden Rule

b. four-way test

c. stakeholders’ approach

d. discernment and advice

 

59. Katrina’s organization is hiring for low-skilled jobs in an industry where unemployment is high and it is easy to find replacement workers. Adopting a(n) ________ organizational philosophy on compensation could allow her to hire plenty of workers.

a. wage compression

b. below-the-market

c. pay for longevity

d. competency-based pay

 

60. Management suspects it was Ramon who tipped off a safety inspector that one of the managers had hidden chemicals from the lab in the trunk of his car until the inspection was completed. After the inspection, managers began changing Ramon’s schedule and job duties daily. Ramon found that he could not plan for his children to be cared for while he was at work because his work schedule kept changing. Eventually, Ramon quit. It is likely Ramon experienced __________ discharge.

a. wrongful

b. constructive

c. economic

d. express

 

61. Wynona met an old friend for lunch. During the meal, Wynona mentioned that her company needed some help on their tax reporting. Wynona’s friend said that she was now an accounting consultant and had worked with many local organizations to streamline their tax reports. Wynona gave her a copy of the tax information for the company the next day and showed her friend what the issues were. A week later, Wynona’s friend brought completed copies of the tax forms necessary for Wynona’s company to her office. It would appear that Wynona created a(n) ________ contract when she gave her friend the tax forms.

a. express

b. implied

c. quasi

d. collective

 

62. ESOPs motivate employees because _______________.

a. employees will get something for nothing

b. employees will act more like owners

c. employees can reduce their work schedule

d. employees can expect higher base pay

 

63._____ organizations tend to believe that their values and culture are superior to others and they will therefore frequently choose to staff international facilities with home-country managers.

a. Ethocentric

b. Polycentric

c. Regiocentric

d. Geocentric

 

64. What mechanism is used to ensure that a company investigates any disciplinary action taken fully and fairly and makes sure that the disciplinary action fits the level of the offense?

A. The coaching model

B. The seven tests for Just Cause

C. Employee assistance programs

D. The discipline model

E. The code of conduct

 

65. Macy’s organization provides group health insurance to its employees. According to the ________, the organization must issue a “Summary Plan Description” that describes the plan and how it works in plain language.

a. Consolidated Omnibus Budget Reconciliation Act of 1985

b. Health Insurance Portability and Accountability Act of 1996

c. Employee Retirement Income Security Act of 1974

d. Social Security

 

66. Jacob’s manager asks him to organize a blood drive for the organization. The manager tells Jacob that if he accepts the assignment, he will be awarded Employee of the Month. Jacob has organized blood drives in the past and knows how much work is involved. He does not doubt that his manager can deliver on the promise of the award. However, Jacob has always thought that the award was silly. According to expectancy theory, Jacob is unmotivated to accept the assignment because _________ is lacking.

a. valence

b. instrumentality

c. expectancy

d. significance

 

67. Executive compensation in the form of a deferred contribution to the executive’s retirement accounts is one of the most common forms of _________ retirement funds.

A. governed

B. qualified

C. nonqualified

D. challenged

 

68. When a person does something because they like it, it is interesting and personally satisfying, and they want to do it, they are receiving _______________.

A. Intrinsic rewards

B. External rewards

C. Altruistic rewards

D. Autonomous rewards

E. Extrinsic rewards

 

69. Alexander did not make many sales this quarter. He considered adding a few fake entries to his quarterly report. However, he decided not to do so when the boss mentioned that the new computer software is designed to catch any inconsistencies. It appears Alexander is at the _________ of moral development.

a. preconventional level

b. conventional level

c. postconventional level

d. neoconventional level

 

70. OSHA cited a manufacturing company for a __________ violation for exposing workers to unguarded hazardous machinery. An inspection found that the company removed the machine guarding to increase the speed of product output and knowingly permitted workers to operate the machines in this unsafe manner.

a. willful

b. serious

c. other than serious

d. de minimis

 

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