Labor Recruiters, Inc, has been ordered to appear at a hearing before an administrative law judge of the National Labor Relations Board. A significant difference between a trial and an administrative hearing is that?
A) attorneys are not allowed to attend administrative hearings
B) clients are not allowed to communicate with their attorneys during administrative hearings.
C) hearsay can be introduced as evidence in an administrative hearing.
D) the burden of proof is on the charged party to prove innocence.
C
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One of the advantages of generalized audit software is that:
A. it involves auditing after the entity has processed the data rather than while the data are being processed. B. it is limited to audit procedures that can be conducted on data available in electronic form. C. it provides a limited ability to verify programming logic because its application is usually directed to testing entity files or databases. D. limited IT expertise or programming skills are required.
You have been instructed to develop a cell phone policy for members of your organization. What are the major elements you will include in the policy?
The liability of stockholders for the debts of the corporation is
a. limited to the amount invested. b. determined by the number of shares owned. c. unlimited. d. nonexistent.
Which of the following statements about the lower of cost or market rule/net realizable value is not correct?
A. The lower of cost or market/net realizable value (LCM/NRV) rule results in reporting inventory conservatively, at an amount that does not exceed its actual value. B. The lower of cost or market/net realizable value rule sometimes causes the book value of inventory to be written down below cost, but will never cause the book value of inventory to be increased above cost. C. The amount of inventory write-down is an expense which most companies report as cost of goods sold. D. Lower of cost or market is an inventory cost method used to determine cost of goods sold and ending inventory.