Answer:
Asset exchange transaction
Explanation:
Prepaid rent is an asset exchange transaction because cash (asset) is credited while prepaid rent (also an asset) is debited.
Rent paid in advance is recorded as follows:
Dr Prepaid rent
Cr Cash
As the months go by, the prepaid rent is credited and rent expenses is debited.
Dr Rent expense month 1
Cr Prepaid rent month 1
Answer:
Incentive plans
Explanation:
Incentive plans are strategies in which representatives of an association are kept persuaded for the work that they do, and are given motivators on coming to or achieving certain association objectives. The motivator plans can be for lower level workers, center administration and senior administration.
It is the apparatus utilized by entrepreneurs to empower, perceive and reward uncommon execution in their workers.
Answer: Decentralized
Explanation: In a decentralized organisation, the seniors in the organisation transfers the authority and responsibility to their subordinates.
This is done by the seniors with the objective of effective running of operations within. The employees in such organisations usually remain more motivated than others.
In the given case, Infososft is encouraging their employees to take their own decisions while dealing with customers. Hence the transfer of authority for decision making is evident.
From the above we can conclude that the correct option is A.
If the company enters into an agreement with a winery in Spain to purchase all the red wine the winery produces, this would be a: output contract
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Explanation:</u></h3>
An output contract is an arbitration where one party consents to acquire the complete product that the other party accumulates. Thus, the consumer will obtain all the 'output' the trader executes.
Output contracts can be valuable to consumers when there is conjecture about market supply or demand for a distinct good. Output contracts attend the sale of goods, these sorts of contracts are directed by the Uniform Commercial Code. In the fact of output contracts, the U.C.C. claims that both parties to the contract act in real faith.
