Please provide an overview of the major issues a compensation package for expatriates should address.
What will be an ideal response?
Answers may vary, but may include the following factors: Establishing a compensation plan that is equitable and consistent and yet does not overcompensate the overseas executive is a challenging, complex task, especially since a "one-size-fits-all" approach does not match up well with the reality of diverse company and country assignments. Among the issues that arise with expatriate compensation packages are salaries, allowances, bonuses, international status, and perks.
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Which statement is not true? Embedded audit modules
a. can be turned on and off by the auditor. b. reduce operating efficiency. c. may lose their viability in an environment where programs are modified frequently. d. identify transactions to be analyzed using white box tests.
Ideally, payroll checks are written on a special bank account used only for payroll
Indicate whether the statement is true or false
Under international accounting standards regarding depreciation, an entity
a. must depreciate separately the components of a composite asset (e.g., land and building) separately. b. is not allowed to depreciate the components of a composite asset (e.g., land and building) separately. c. may depreciate separately the components of a composite asset (e.g., land and building) d. must use fair value accounting for property, plant, and equipment, thus eliminating the need for depreciation.
The precautionary principle establishes that:
A. free enterprise and buyer beware are sufficient monitors on chemical safety. B. the industry has the duty to prove that its products are not dangerous. C. government testing decides which chemicals require monitoring. D. the marketplace can monitor chemical safety, following the invisible hand.