Which of these statements about contingent workers is true?
a. They typically work as a separate, independent group of workers and move from project to project working for the same firm.
b. They are often paid a lower hourly wage than full-time employees doing equivalent work.
c. They are eligible for most company benefits such as vacation, sick pay, and medical insurance.
d. They have neither an explicit nor an implicit contract for continuing employment.
d
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Under PCAOB internal control reporting standards, what are the auditor's communication requirements to the audit committee with respect to material weaknesses?
A. Only those that violate the Foreign Corrupt Practices Act need to be communicated, in written form or orally. B. All must be communicated in written form. C. All must be communicated in written form or orally. D. Only those that violate the Foreign Corrupt Practices Act need to be communicated, but in written form.
What is a feature of a company with an individualistic culture?
A. It has flatter pay structures. B. It exhibits greater differences between the highest and lowest pay in the organization. C. It has compensation systems based on fixed pay according to seniority. D. It involves employees in collective decision making. E. It emphasizes on organizational rather than individual performance.
Line extension refers to extending an existing brand name to new product categories
Indicate whether the statement is true or false
Firms account for leases using either the operating lease method or the capital (finance) lease method. Which of the following is not true?
a. The capital, or finance, lease method treats leases equivalent to installment purchases or sales, where the lessee borrows funds from the lessor to purchase the asset and the lessor recognizes profit at the time of sale. b. The lessee records the leased asset and the lease liability on the balance sheet at the present value of the contractual cash flows at the time of signing the lease. c. The lessee amortizes the leased asset, similar to recognizing depreciation on buildings and equipment. d. The lessor recognizes interest expense on the lease liability, similar to recognizing interest expense on long-term notes or bonds. e. The lessor records the signing of a capital lease the same as if the lessor sold the leased asset for an installment note receivable.