Use a book-shelf analogy to explain the classification job evaluation method.
What will be an ideal response?
Picture a bookcase with many shelves. Each shelf is labelled with a paragraph describing the kinds of books on that shelf and, perhaps, one or two representative titles.
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Describe how the cost of goods sold is calculated when using the periodic inventory system.
What will be an ideal response?
Which of the following explains the Pygmalion effect?
a. Employees who commit fraud are likely to do so more than once. b. The probability of fraud detection increases with the number of people involved. c. People generally perform according to a leader's expectations. d. Absence of controls leads to increased incidents of dishonesty.
A strategic budget is a long-term financial plan used to coordinate the activities needed to achieve the long-term goals of the company
Indicate whether the statement is true or false
Mason bought a rotisserie in preparation for a party he was planning. When he put a chicken on the rotisserie, it would not rotate, but stayed in one position where it burned the chicken on one side and left it raw on the other. When he returned the rotisserie to the store, the salesperson disclaimed any responsibility because he had never told Mason the rotisserie would rotate the food as it
cooked. Does Mason have any recourse? A) No, the salesperson did not make any express warranties. B) Yes, the salesperson made an express warranty just by selling the goods. C) Yes, although the salesperson did not make any express warranties, the UCC imposes an express warranty on the sale. D) Yes, although the salesperson did not make any express warranties, the UCC imposes an implied warranty of merchantability under which the rotisserie is guaranteed to be fit for the ordinary purposes for which it is used.