Describe the four background tests often used in employment selection.
What will be an ideal response?
Credit checks are one of the most commonly used background checks. They should not automatically disqualify a person for a job, but if a credit report shows a pattern of dishonesty, then it can be valuable as a tool for selection. Criminal background checks may or may not be allowed by state law. Any criminal conviction should have something to do with the essential job functions, or we should not use it to disqualify an individual. Reference checks will usually not provide a lot of information, but we should complete them anyway in case they do provide valuable information. And, finally, Web searches frequently turn up information on the morals, values, or honesty of potential employees; companies use these when they are allowed under state and local laws.
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According to GAAP, interest must be capitalized for
A) assets that are ready for use. B) assets constructed for a firm's own use. C) assets that are not being used in the earning activities of the company. D) inventories that are produced in large quantities on a repetitive basis.
Which of the following is the most severe?
a. Material weaknesses in internal control. b. Significant deficiencies in internal control. c. Operational deficiencies in internal control. d. Each is equally severe because it could result in inaccuracies in financial reporting.
Both internal and external factors can influence the pricing decision
Indicate whether the statement is true or false
An open-door policy:
A. requires a manager to take disciplinary against an employee in public. B. gives an employee the right to appeal a disciplinary action taken against him or her to the manager's superior. C. allows an employer to terminate an employment relationship at any time for virtually any reason or for no reason at all. D. requires a new employee to sign an "open-door" agreement as a condition of employment.