Why might there be a bias in favour of Welsh companies?

What will be an ideal response?


It is very patriotic and thus may not look favourably at those suppliers from outside of Wales. Also, many of the tenders are for services and thus it makes financial sense to have someone local offer their services.

Business

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Which of the following statements regarding requirements for segment disclosures is most accurate?

a. Segment disclosures must include most of the items found in financial statements for the entire enterprise. b. Segment reporting is generally applied in a similar fashion in various companies, since the requirement are detailed and inflexible. c. Segment reporting requirements are so flexible that firms can often resist disclosing information they would prefer to keep confidential. d. Segment reporting is not required for any entities; the standards are concerned with determination of segment information if a company wishes to disclose it.

Business

Equipment considered idle on a permanent basis should not be classified as plant and equipment.

Answer the following statement true (T) or false (F)

Business

The variable overhead variance is affected by both input price changes and by how efficiently overhead is used

Indicate whether the statement is true or false

Business

Explain the role of the Taft-Hartley Act of 1947 and describe the rationale for this legislation.

What will be an ideal response?

Business