The details of an agency's structure and how it operates internally are covered in:
a. procedural rules b. agency rules
c. structural rules d. formal rules
e. interpretative rules
a
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The firm recognizes an expense when the following condition(s) hold(s):
a. The consumption of the asset results from a transaction that leads to the recognition of revenue. b. The consumption of the asset results from the passage of time. c. The expenditures on advertising must be recognized as expense in the period of expenditure. d. The expenditures on research must be recognized as expense in the period of expenditure. e. all of the above
Purchased items that are consumed in-house would be classified as?
a. Raw materials b. MRO supplies c. Work-in-process d. Finished goods
Ella, an HR manager, has developed personal relationships with people both internal and external to the firm. She demonstrates the values of the firm while standing up for her own beliefs and dealing with all parties equitably. Which competency is Ella demonstrating?
A. Change mastery B. HR mastery C. Business mastery D. Personal credibility
Omni Insurance Company violates a state licensing statute when selling an insur¬ance policy to Petra, in whose state Omni is not licensed to sell insurance. As a member of the class of persons protected by the statute, Petra can
a. do nothing with respect to the policy. b. enforce the policy or recover the amount of the premiums paid. c. only enforce the policy. d. only recover the amount of the premiums paid.