A code of ethics can be an effective internal control on behavior, which is more desirable than external controls like government regulations.
Answer the following statement true (T) or false (F)
True
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Which statement is true about job-based pay structures?
A. They typically reward desired behaviors, particularly in a rapidly changing environment. B. Organizations may avoid change because it requires repeating the time-consuming process of creating job descriptions and related paperwork. C. Their focus on higher pay for higher status can work in favor of efforts for empowerment. D. They always encourage flexibility, innovation, quality, and customer service. E. A pay structure that rewards employees for winning promotions will encourage them to gain valuable experience through lateral career moves.
Figure 4.3 represents the domestic market for gasoline in the United States. What is the consumer surplus in this market?
a. 60 gallons of gasoline
b. $120
c. $60
d. $3
Which of the following is a period cost?
A) manufacturing overhead B) direct labor cost C) direct materials cost D) administrative cost
At the end of an accounting period, the balance in the Finished Goods Inventory account is made up of the costs of products completed but not sold as of that date
Indicate whether the statement is true or false