Jenna works for Mega Corp as a production employee. She is paid an hourly wage. She wishes to negotiate her own employment contract with management since she does not agree with the terms of her union's collective bargaining agreement. Can Jenna negotiate her own contract? Explain
No. Once Jenna's union was certified as the official representative of Mega Corp's employees (or, at least, a certain group of employees within the company), then the union has the exclusive right to negotiate the employment contract for that class of employees. It would be a violation of federal law (Section 9 of the National Labor Relations Act of 1935) if the company negotiated individually with Jenna. The principle of "exclusivity" is illustrated by this situation.
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For intangible assets, controls should be designed to do which of the following?
a. Identify and account for intangible asset impairments. b. Develop amortization schedules that reflect the remaining useful life of patents or copyrights associated with the asset. c. Provide reasonable assurance that decisions are appropriately made as to when to capitalize or expense research and development expenditures. d. All of the above.
The advantage of e-business transactions is:
a. the use of encryption which protects confidential and sensitive information from being stolen. b. that information about the transactions is captured in databases that can be analyzed in numerous ways. c. the absence of hard-copy documentation, the very essence of e-commerce. d. that they not only make fraud easier to commit, but also make it much easier to detect.
CIBERs are international business research and education efforts located at U.S. universities.
Answer the following statement true (T) or false (F)
Which of the following would not be included within the financial section of the comprehensive annual financial report (CAFR)?
A. Required supplementary information (RSI). B. Independent auditor's report. C. Letter of transmittal. D. Management's discussion and analysis (MD&A).