Which of the following statements about the reliability of job analysis is true?
A. It is a measure of the practicality of the information collected.
B. It is a sufficient condition for validity.
C. It is a necessary condition for validity.
D. It examines the convergence of results among sources of data and methods.
Answer: C
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What losses should not affect the recorded cost of inventories?
a. Normal losses b. Abnormal losses c. Seasonal losses d. Standard losses
Which of the following terms does not mean the same as the others?
a. Book value b. Salvage value c. Scrap value d. Disposal value
Companies that produce custom-made products usually use a process costing system
Indicate whether the statement is true or false
Which of the following statements concerning trademarks is not true?
A. A trademark may be a word, slogan, symbol, design or particular sound. B. Unlike a patent, trademarks last indefinitely. C. The PTO is responsible for the federal registration of trademarks. D. It is possible to file for a trademark if you intend to use this mark in the future.