How do piecemeal personnel patterns differ from formal position classification systems?
What will be an ideal response?
Piecemeal personnel patterns are those that lack grades or ranks and assign salaries on an ad hoc basis. Formal position classifications systems provide grades or ranks for all merit positions as well for non-merit positions.
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The transaction approach to determining income is a concept in which
a. income is measured as the amount that an entity could consume during a period and be as well off at the end of that period as it was at the beginning. b. the financial statement effects of business events are classified as revenues, gains, expenses, and losses, which are used to measure and define income. c. market values adjusted for the effects of inflation or deflation are used to calculate income. d. income equals the change in market value of the firm's outstanding common stock for the period.
Though direct marketing permits high target-market selectivity and can be personalized, it does not allow easy measurement of results
Indicate whether the statement is true or false
Doughtry's Pet Shop reported a net loss of $1,500,000 and total expenses of $2,900,000. How much were the total sales?
A) $4,400,000 B) $1,400,000 C) $2,900,000 D) $1,500,000
Which of the following generally does not need to be included with the articles of incorporation?
A) The classes and preferences of stock B) Whether preemption rights are given to the stockholders C) The period of duration of the corporation D) The name of the incorporators E) A copy of the by-laws