Which of the following is subject to overtime in the process of hourly computations, according to FLSA?
A) Time worked in excess of eight hours per day
B) Holiday, sick time, and paid time off
C) Time worked in excess of 40 hours per week
D) Nonexempt employee weekend work
C) Time worked in excess of 40 hours per week
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Which of the following properly represents the preparation of the statement of cash flows prepared using IFRS rules?
A. The flexibility provided under IFRS guidance for the preparation of the statement of cash flows increases the comparability of results between companies. B. Firms using the direct method are not required to provide a reconciliation of net income to cash flows from operations. C. The presentation of the statement of cash flows is the same for all companies preparing statements under IFRS. D. The presentation of the statement of cash flows differs to those following U.S. GAAP as a result of prescribed classification differences under IFRS.
A high inventory turnover ratio normally indicates inefficient inventory policies.
Answer the following statement true (T) or false (F)
Which of the following is a difference between product departmentalization and matrix departmentalization?
A. Unlike organizations with product departmentalization, organizations with matrix departmentalization follow unity of command. B. Unlike organizations with product departmentalization, organizations with matrix departmentalization use two or more forms of departmentalization together. C. Unlike product departmentalization, matrix departmentalization allows managers to specialize in one area of expertise. D. Unlike product departmentalization, matrix departmentalization makes it easier for top managers to assess work-unit performance.
Variable costs per unit change in an inversely proportional rate to changes in volume
Indicate whether the statement is true or false