The major advantage of the rate of return on investment over income from operations as a divisional performance measure is that divisional investment is directly considered and thus comparability of divisions is facilitated
Indicate whether the statement is true or false
True
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The _____ of a firm includes managers who set the overall direction of the firm, articulating a vision, establishing priorities, and allocating time, money, and other resources.
A. top management B. middle management C. first-line management D. supervisory management
Jim was a mechanic. One day when he attempted to weld a car's gasoline tank, it exploded and he was hurt. He filed to collect workers' compensation. His employer resisted on grounds that Jim had been negligent and had also violated the express regulations of the company when he attempted to weld a gasoline tank. Which statement is correct?
A. Jim cannot recover if it is shown that his negligent conduct caused the explosion. B. Jim cannot recover if it is shown that he violated the express regulations of his employer. C. Workers' compensation doesn't apply in situations like this. D. Jim can recover even if he was negligent and violated the employer's rules.
Hoyt rented office space two years ago to Harris, receiving the first and last months' rent plus a security deposit of $1,000. In early January of this year, Harris moves and Hoyt refunds $250 of the deposit and keeps the remainder to cover $500 which is spent for repairs to the office space and one week of unpaid rent that amounts to $250. How would this information be reflected on Hoyt's tax
return this year? A) $750 income and $500 deduction B) $750 income and no deduction C) $250 income and $500 deduction D) No income is recognized, but a $250 deduction is allowed.
The largest federal tax, in terms of revenue collected, is the Social Security tax.
Answer the following statement true (T) or false (F)