From an accounting perspective, an event is a happening that affects the accounting equation, but cannot be measured.
Answer the following statement true (T) or false (F)
False
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Organizational rewards such as profit-sharing:
a. encourage competition between teams. b. reduce overall organizational performance. c. enhance connection to the organization’s overall goals and values. d. should not be used for teams.
A manufacturer is liable for express warranties made by wholesalers and retailers
Indicate whether the statement is true or false
Managerial accounting is designed to satisfy needs of external users including creditors, investors, and governmental agencies.
Answer the following statement true (T) or false (F)
Which of the following statements is true?
A. The number of grievances that reach the final state of arbitration is very small B. Most grievances cannot be resolved by the parties alone and must be decided by an arbitrator C. About half of all grievances end in arbitration D. Most grievances are resolved with the help of a mediator