A vision statement clarifies the long-term direction of a company and its strategic intent.

Answer the following statement true (T) or false (F)


True

Business

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Which one of the following is considered one of the six most important categories of internal control procedures?

a. Computerized accounting systems b. The board of directors c. Proper authorizations d. Verification by government agencies

Business

Winstar is a large scale manufacturer which has more than a hundred partners across the globe

When making decisions concerning distribution and channel optimization, the company invites members from its channel partners to be part of its advisory committee. This helps the company maintain harmony with its partners. Which of the following conflict resolution techniques is Winstar using? A) diplomatic counselling B) mediation C) arbitration D) co-option E) joint membership

Business

Standard costing is typically an inexpensive component to add to a company's existing cost accounting system

Indicate whether the statement is true or false

Business

Answer the following statements true (T) or false (F)

1. The cost of recruiting, selecting, and training a new employee is usually more than 100% of that employee’s annual salary. 2. When examining companies, people usually research the social environment of the company the least. 3. We have to abide by all of the EEO laws currently in existence when recruiting for our organization. 4. The HR manager need only be well versed in state regulations that govern an organization’s ability to recruit. 5. Outsourcing is the only alternative to recruitment.

Business