Scott is a manager at a large electronics company. His primary role within the organization is to plan for the "people needs" of the business, and then attract, develop and retain an effective workforce. Scott is involved in _____ management.
Fill in the blank(s) with the appropriate word(s).
Ans: human resource (HR)
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South Korea recently lifted its ban on beef and beef products imported from Canada, one that had originated because of cases of bovine spongiform encephalopathy (BSE) among Canadian cattle. The ban is an example of a(n)
A. revenue tariff. B. boycott. C. embargo. D. protective tariff. E. import quota.
A generic market is one in which
A. products from different industries compete for customers by trying to satisfy the same basic need. B. a number of firms are all offering new or improved products in an effort to increase sales. C. one seller has a patent for a superior product and other competitors imitate the leader with inferior products. D. no firm can establish a competitive advantage. E. None of these answers is correct.
As the acceptable level of detection risk decreases, an auditor may change the:
A. assessed level of risk of material misstatement to a higher amount. B. timing of tests of controls by performing them at several dates rather than at one time. C. nature of substantive procedures from less effective to more effective procedures. D. timing of tests of controls by performing them at an interim date rather than at year-end.
Lucas, Inc purchased ten air conditioning units for $5,000 each, with an average expected service life of eight years and a residual value of $700 each. The depreciation rate for the assets, assuming the group depreciation method is used, will be
A) 10% B) 10.75% C) 12.5% D) 14.5%