Everyone applying for a job at Prescott Ltd. undergoes a background check and participates in a series of interviews. These activities are part of the development process within the company's HRM system.
Answer the following statement true (T) or false (F)
False
Development focuses on building the knowledge and skills of organization members so they are prepared to take on new responsibilities and challenges. Selection is the process managers use to determine the relative qualifications of job applicants and includes gathering background information, interviews, testing, and references.
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A relatively new approach to supporting decision making is called automated decision systems (ADS), sometimes also known as decision automation systems (DAS). Give a definition of an ADS/DAS in simple terms?
What will be an ideal response?
Professional standards indicate that an entity’s internal controls consist of five interrelated components. (a) What responsibility does an auditor have related to each of these five components? (b) One component of internal control is the entity’s control environment. What factors should an auditor consider when evaluating the control environment? (c) What red flags were present during the
1995 through 1997 audits of CUC that may have suggested weaknesses in CUC’s control environment? What will be an ideal response?
Assume that Omicron uses the entire $50 million in excess cash to pay a special dividend. The amount of the special dividend is closest to ________
Omicron Technologies has $50 million in excess cash and no debt. The firm expects to generate additional free cash flows of $40 million per year in subsequent years and will pay out these future free cash flows as regular dividends. Omicron's unlevered cost of capital is 10% and there are 10 million shares outstanding. Omicron's board is meeting to decide whether to pay out its $50 million in excess cash as a special dividend or to use it to repurchase shares of the firm's stock. A) $5.00 B) $4.00 C) $6.00 D) $10.00
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 66,000 labor-hours. The estimated variable manufacturing overhead was $8.41 per labor-hour and the estimated total fixed manufacturing overhead was $1,533,180. The actual labor-hours for the year turned out to be 68,400 labor-hours.Required:Compute the company's predetermined overhead rate for the recently completed year.
What will be an ideal response?