Why is tax planning so important?
What will be an ideal response?
Answer: Most people don't seem to understand tax planning and don't keep up with all the changes in tax law. Many pay several thousand dollars more in income taxes than they really need to. The average American spends over one-third of each year earning money to pay taxes. Planning is vital to pay your fair share and to keep your fair share, regardless of income. In sum, tax planning is not just for the wealthy.
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Which of the following is true about mobile devices in the workplace?
A) If using a personally owned device, the employer cannot dictate use. B) If an employer provides a mobile device to an employee, the employee can use it for personal use as well as business use. C) Employers have the right to dictate mobile device usage policies. D) Most employers understand that employees can multitask and simultaneously take care of personal as well as professional issues with a mobile device. E) Most employees understand that taking care of personal issues on a mobile device can be disruptive to the work area, and should practice proper etiquette by stepping into a hallway or other non-work area to conduct personal business.
Which of the following statements is incorrect?
A. A fraud prevention program starts with a fraud risk assessment across the entire firm. B. Communicating a firm's policy file to employees is one of the most important responsibilities of management. C. A fraud prevention program should include an evaluation on the efficiency of business processes. D. The audit committee typically has an oversight role in risk assessment process.
Companies that place employees at the core of their strategies produce lower long-term returns to shareholders than do industry peers.
Answer the following statement true (T) or false (F)
First Communications Group is a communication services firm whose employees provide advertising, market research, public relations, and other services world-wide. Other than relatively small amounts of equipment, it owns virtually no property, plant, and equipment (it leases most of its office space). Which of the following is/are true?
a. First Communications Group has a low fixed asset intensity. b. First Communications Group has a low debt-equity ratio. c. First Communications Group creates value from employees' services, not from operating assets, so there is neither the need nor the ability to borrow long-term using property, plant, and equipment as collateral. d. all of the above are true e. none of the above