Which of the following variations of the retail inventory method would generally result in the lowest cost-to-retail ratio in a period of rising prices?
A. FIFO
B. LIFO
C. average cost
D. lower of average cost or market
Answer: B
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When a firm wants its coding system to convey meaning without reference to any other document, it would choose
a. an alphabetic code b. a mnemonic code c. a group code d. a block code
When benchmarking an ideal employee, which of the following is recommended once managers in a workshop have a composite profile of an ideal employee?
a. Have each manager compare the composite to their own past behaviors before they became management. b. Have the facilitator explain that while such a composite may be ideal, it is unrealistic in its expectations of human behavior. c. Break down the composite into component parts and identify which parts are ones actually witnessed in the real operation of the company. d. Present the composite to subordinates for benchmarking and analysis.
Steve has to submit a timecard every week and his compensation is based upon the amount of time he works, rather than what he accomplishes. Steve is compensated based on
A. piecework. B. competence. C. skilled labor. D. hourly work.
A . Discuss the rights of an injured employee against her employer under common law. b. How have workers' compensation acts changed this? Explain your answer