Under SFAC No. 8, which of the following are aspects of relevance?
a. Comparability and understandability
b. Timeliness and comparability
c. Representational faithfulness and decision usefulness
d. Predictive value and confirmatory value
ANSWER: D
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The impairment loss for an asset that a company intends to hold and use is the difference between the
A) asset's book value and its lower fair value. B) asset's book value and its fair value. C) present value of discounted cash flows and the book value. D) asset's fair value and the present value of the discounted cash flows.
How is legal precedent used between courts of different states?
A) Courts of a state cannot cite the judicial decisions of courts of another state in its decisions. B) Courts of a state must follow precedent from courts of another state for similar cases. C) Courts of a state can use precedent from courts of another state as a form of guidance. D) Courts of a state cannot challenge the precedence of courts of another state.
During the process of operational planning, management must compare market demand with
A. market supply. B. consumer demand. C. planned supply. D. available human resources. E. capacity.
In the needs assessment process, organizational analysis involves identifying ________.
A. the conditions under which tasks are performed B. employees' personal characteristics C. the training resources that are available D. the employees who require training