Companies can influence the calculation of pension expense by choosing a higher or lower discount rate and/or by choosing a higher or lower expected rate of return on plan assets.
Answer the following statement true (T) or false (F)
True
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Which of the following indicates a strong internal control environment?
a. the internal audit group reports to the audit committee of the board of directors b. there is no segregation of duties between organization functions c. there are questions about the integrity of management d. adverse business conditions exist in the industry
Overhead costs:
A. Cannot be traced to units of product in the same way that direct labor can. B. Are directly related to production. C. Include only fixed costs. D. Can be traced to units of product in the same way that direct materials can. E. Are period costs.
Which of the following is correct with respect to RICO?
A) It subjects to penalties enterprises that engage in a pattern of racketeering, defined as the commission of two or more specified state or federal criminal offenses within a period of ten years. B) It was enacted with the stated purpose of terminating the infiltration of organized crime into legitimate businesses. C) It provides for both civil and criminal penalties for violators. D) All of these are correct.
An example of a sectoral issue is: A) a dispute regarding the tariffs on a product
B) an issue concerning a particular area of the economy. C) an issue concerning the environmental effects of a product. D) a dispute regarding quotas.