Vacation pay is considered a contingent liability.
Answer the following statement true (T) or false (F)
True
If the likelihood of a future obligation arising is probable (likely) and its amount can be reasonably estimated, a liability is recognized in the financial statements. Contingent liabilities in this category include warranties, vacation pay, and sick leave.
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Nick would like to identify the work performed and the working conditions of the receptionists at Acme Global. Specifically, he would like to know more about their interrelationships with other workers and gauge the complexity of the job. In this case, the ________ job analysis method would be most appropriate.
A. questionnaire B. interview C. subject matter expert panel D. observation E. departmental
How is a functional structure or unitary structure organized?
A. specifically to manage unrelated diversification opportunities B. with top-heavy management, and senior executives forming a central office of the chairman C. to lighten the load of senior executives so they can concentrate on value chain action agendas D. into functional departments, with departmental managers who report to the CEO and small corporate staff E. with a central executive handling all major decisions
A business organization and its actions cannot be based on trust.
Answer the following statement true (T) or false (F)
State workers' compensation laws:
a. apply to injuries that occur in the course of employment b. provide medical care and rehabilitation, and partial replacement of income c. are the exclusive remedy for employees injured on the job d. b and c