An independent administrative agency does not have unlimited power, its authority is limited by its enabling statute
Indicate whether the statement is true or false
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If an employer were to account for a defined benefit pension plan on the cash basis, it would be a violation of the
A) going-concern assumption. B) accrual concept. C) separate entity concept. D) historical accounting.
In the FASB hierarchy of inputs to consider for assessing fair value, which is associated with Level 1?
a. Observable information on similar items. b. Nonexistence of active markets. c. Quoted prices on identical items. d. Relevant economic and industry factors.
What happens if the police illegally seize evidence in violation of the Fourth Amendment?
a. The evidence will be excluded from use at trial. b. The defendant's arrest is nullified. c. The defendant is entitled to another trial. d. The defendant will be paid for the expenses of his defense.
Jacob, a junior researcher at a pharmaceutical company, has a hearing disability. The hearing tool provided by the HR helps Jacob in the timely completion of his tasks. The tool faults on several occasions for other employees with hearing disabilities. Jacob states that the tool helps him gain control of his actions in his work. He tells that the HR that tool should have helped the employees master their research and analytical skills. Which of the following statements is true about the scenario?
A. The tool is inefficient. B. The tool helps in meeting the autonomy needs of Jacob. C. The tool meets the competence needs of Jacob. D. The tool is effective.