How do inherent controls help control labour costs?
What will be an ideal response?
Inherent controls establish parameters on what pay adjustments can be made. They help ensure consistent treatment throughout the organization as well as limit what decision makers can do.
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Regarding discontinued operations, which of the following statements is incorrect?
A) Gains and losses on the sale of plant assets and equipment are reported as Other Income and (Expenses). B) A loss on discontinued operations is reported with an addition for the applicable income tax. C) The sale of an identifiable division of the business is reported on the income statement under the category Discontinued Operations. D) The Discontinued Operations category of the income statement includes information about segments of the business that have been sold.
The producer and the final consumer are part of every type of channel of distribution
Indicate whether the statement is true or false
A __ occurs when a group of individuals uses cash to purchase the shares of a firm and takes ownership and control of the firm
a. buyout b. acquisition c. consolidation d. merger
Holding period return (HPR) captures total return performance by considering current income and capital gains and is most appropriate for holding periods of one year or less
Indicate whether the statement is true or false.