The Management Reporting System provides the internal financial information needed to manage a business

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A copytest is used when the marketing piece is finished or is in the final stages of development

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If a company uses LIFO for tax purposes, it need not use LIFO for financial reporting purposes

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Business

The Consumer Product Safety Commission (CPSC) was investigating the safety of one of the toys manufactured by the Whazzup Toy Company. The CPSC wanted to talk to the chief designer of the toy. Despite repeated phone calls, the chief designer refused to speak to the CPSC. To talk to the chief designer, the CPSC should issue:

a. a stare decisis. b. a de novo. c. a precedent. d. a subpoena.

Business

In Lomack v. City of Newark, the newly elected mayor decided to eliminate all single-race fire companies to improve morale. Dozens of firefighters were involuntarily transferred based on their race, and several sued, alleging a violation of Title VII. At the time, the city was operating under a consent decree requiring that it undertake certain measures to hire minority firefighters. What did the

court decide, and what was its reasoning? a. because of the consent decree, the city was compelled to diversify its fire companies, so the transfers complied with affirmative action, and did not violate Title VII b. because its overall goal was to treat all firefighters equally, the transfers did not violate Title VII c. even though the consent decree required certain affirmative steps to hire minority firefighters, it was permissible under Title VII d. the decisions to transfer were based on race, in violation of Title VII, and the consent decree did not require or condone such transfers

Business