Flexible benefit plans
A. are offered to employees who then must purchase each benefit they select.
B. are avoided by employers because they increase administration costs.
C. result in wasted benefits because of the number of different types available to employees.
D. allow employees to choose benefits suited to their needs.
Answer: D
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Activity-based costing provides more accurate and useful cost data
Indicate whether the statement is true or false
The inclusive workplace is based on a pluralistic value framework. What does that rely on?
a. different cultural perspectives yielding to the organization’s values and norms b. mutual respect and equal contributions of different cultural perspectives to the organization's values and norms c. Individual perspectives are free to not match the organization's values and norms. d. Individual perspectives must match the organization's values and norms.
In most states requiring no-fault insurance,
A) lawsuits for either medical or property damages are entirely prohibited. B) lawsuits for property damages are entirely prohibited. C) you still need personal liability protection. D) the no-fault coverage does not extend to damages for physical injury.
Morgan, Inc. uses a perpetual inventory system and the net method of recording purchases. On May 12, a merchandise purchase of $16,000 was made on credit, 3/10, n/30. The journal entry to record this purchase is:
A.
| Merchandise Inventory | 16,000? | |
| Accounts Payable | 16,000? |
B.
| Merchandise Inventory | 15,520? | |
| Accounts Payable | 15,520? |
C.
| Purchases | 16,000? | |
| Accounts Payable | 16,000? |
D.
| Purchases | 15,520? | |
| Accounts Payable | 15,520? |
E.
| Accounts Payable | 16,000? | |
| Merchandise Inventory | 16,000? |