Which of the following is/are a criteria for asset recognition under the FASB's and IASB's conceptual framework?
a. The firm owns or controls the right to use the asset.
b. The right to use the item arises as a result of a past transaction or exchange.
c. The future benefit has a relevant measurement attribute that a firm can quantify with sufficient reliability.
d. all of the above
e. none of the above
D
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The human resource department of Miller Memorial Hospital has played a leading role in helping the hospital become a high-performance work system. Recently, the team has been focusing on the organization's performance management. Which effort would most directly ensure that performance management supports the development of a high-performance work system?
A. developing the hospital's talent to move into positions of greater responsibility B. ensuring the confidentiality of the organization's primary objectives C. identifying and hiring people who are enthusiastic about and able to contribute to teamwork D. making sure employees know how their work contributes to the hospital's mission E. preventing organizational culture from influencing employees' behaviors
Antonio, a manager at the Colonial Inn, is training a new group of employees. After each training session, the employees complete various exercises to test their knowledge. After evaluating the results, Antonio speaks one-on-one with the employees to help them define their areas of weakness and encourage them to keep fine-tuning their strengths. In this scenario, Antonio is providing his employees with
A. counseling. B. self-appraisal. C. goals. D. self-assessment. E. feedback.
Which of the following is NOT suggested for the use of presentation aids?
a. Be sure your visual and audio aids are in place before starting. b. Present and explain each one. c. Stand to one side of the visual and talk to the audience making sure everyone can see the visual. d. Pass around your visual.
A company produces computer chips that go through two departments, department A1 and department B2, before they are complete. Expected costs and activities for the two departments are shown below. Departmental overhead rates are based on machine hours in department A1 and direct labor hours in department B2. Therefore, the overhead rates for department A1 and department B2 are $3.62 per machine hour and $5.73 per direct labor hour, respectively. Department A1Department B2Machine hours 40,000MH 30,000MHDirect labor hours 36,200DLH 28,650DLHOverhead costs$144,800 $171,900
Answer the following statement true (T) or false (F)