Question

45.According to Frederick Herzberg, job _____ include salary and fringe benefits, job security, and working conditions.

58. _____ is the process of reviewing the records used to prepare financial statements and issuing a formal repot indicating whether the statements have been prepared in accordance with accepted accounting rules.

63. Which of the following is an activity performed by the Federal Reserve System as it carries out its monetary policy? A.providing tax refunds B. insuring credit card balances C. distributing currency D. loaning money to consumers E. controlling the stock exchange

70. Short-term loans:

A.are always secured B.have a maturity of one year or longer C. are shown as a current liability on the balance sheet D.do not require any collateral E.are shown as a capital expenditure on the balance sheet

Answer 1

Ans 45.

According to Frederick Herzberg, job dissatisfiers include salary and fringe benefits, job security, and working conditions.

Job dissatisfiers are also termed as hygiene/maintenance factors the absence of which causes dissatisfaction among employees. Their presence, however, ends dissatisfaction but doesn't lead to satisfaction. For satisfaction at the workplace, Herzberg described another set of factors like recognition, achievement that lead to satisfaction for the employees. These are termed as job satisfiers or motivating factors, the absence of which doesn't bring dissatisfaction to the employees but their presence brings job satisfaction to the employees.

Ans 58.

Auditing is the process of reviewing the records used to prepare financial statements and issuing a formal repot indicating whether the statements have been prepared in accordance with accepted accounting rules.

The auditor basically validates the financial statements by ensuring their conformance with set standards.

Ans 63.

The Federal Reserve has a Federal Reserve Board in place for issuing notes and regulating the circulation of money in the economy. It has the power to control the money supply in an economy by influencing the interest rates. Money is lent to consumers through commercial banks and not the central bank. The Fed only distributes money to the banks while considering the economic scenario.

The correct answer is Option C - Distributing currency.

Ans 70.

Short term loans are part of a firm's short term liabilities that the firm has to pay off within a year. These are recorded as a liability under Current Liabilities in the Balance Sheet.

The correct answer is Option C - are shown as a current liability on the balance sheet.