In the context of the process of controlling, "standards" are best defined as
A. results of performance evaluation.
B. principles by which people distinguish what is morally right.
C. objectives with a comparatively narrow focus.
D. measures of what is expected.
Answer: D
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Which of the following guides us in understanding relationship customs and practices globally?
A. intimacy B. culture C. interpersonal relationships D. gender
Acme Chemical Partnership discharges a pollutant prohibited by an agency that aims to protect the environment. In this case, ________.
A. the firm is liable for the resulting fines B. all the partners should be imprisoned as discharging pollutants is a crime C. only the general partners are liable if the firm has inadequate assets D. only the partner who ordered the discharge is liable
Answer the following statements true (T) or false (F)
Prior to ARB 38, the accounting procedure for lease payments was to record them as periodic revenues for lessors and as purchases of assets for lessees.
Roxanne has a serious heart condition. She has worked as an administrator with employer-sponsored health insurance at Big Company for ten years. She has been offered a great job at Up and Coming Company that she would like to take. It pays slightly less but has great opportunities for advancement. Up and Coming has health insurance, but there is a preexisting condition with the insurance excluding coverage for any preexisting health condition for six months. Roxanne says that if she takes the job at Up and Coming she will not be able to afford to continue her health insurance from Big Company. Up and Coming wants her to start immediately. She is in a quandary about what to do. What would you advise her to consider?
a. She should consider relying on the Health Insurance Portability and Accountability Act which would likely prohibit enforcement of the preexisting condition exclusion. b. She should consider relying on the Consolidated Omnibus Budget Reconciliation Act which would require that Big Company pay for the continuation of her insurance through Big Company for six months. c. She should file for assistance with the insurance payments under the Worker Adjustment and Retraining Notification Act. d. She should not take the job with Up and Coming because she cannot afford to take a risk with the preexisting condition exclusion.