Accounting is defined as the process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated to owners, managers, and other interested parties.
Answer the following statement true (T) or false (F)
True
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Which of the following is NOT a TQM principle?
a. Focus on managing people rather than processes. b. Use teams to continually improve. c. Continually improve systems and processes. d. Focus on delivering customer value.
The three basic financial statements are the income statement, balance sheet, and the payroll records
Indicate whether the statement is true or false
Which of the following is the best example of disparate impact?
A. A Hispanic applicant is told he will not be hired because the company does not hire Hispanics B. A black employee is fired for testifying in a criminal case against an employer C. White applicants with high test scores are rejected due to an affirmative action plan D. Black applicants are disproportionately rejected compared to other applicants based on a paper-and-pencil test E. The ratio of white and black employees is roughly equal to their relevant populations in the local community
Status reports, ______ studies, and investigative reports are presented regularly in organizations.
Fill in the blank(s) with the appropriate word(s).