Describe the four components of the OUCH test and identify when it is useful in an organizational setting.
What will be an ideal response?
The OUCH test is a rule of thumb to be used when contemplating any employment action. It helps maintain fairness and equity for all of employees or applicants. OUCH is an acronym that stands for Objective, Uniform in application, Consistent in effect, and Has job relatedness. An employment action should generally be objective instead of subjective; we should apply all employment tests the same way, every time, with everyone, to the best of our ability; the employment action should not have an inconsistent effect on any protected groups; and the test must be directly related to the job to which we are applying it.
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The distinction between recognition and realization is essential to accrual accounting, hence the importance accorded to recognition criteria. Firms recognize items that qualify for inclusion in the financial statements when they enter the financial statements. In the case of value decreases, the firm
a. recognizes the decreases as impairment expenses when it realizes the collection of the reduced cash flows. b. recognizes the decreases as cost of goods sold when the decreases occur before it realizes the collection of the reduced cash flows. c. recognizes the decreases as impairment expenses when the decreases occur before it realizes the collection of the reduced cash flows. d. recognizes the decreases as cost of goods sold when it realizes the collection of the reduced cash flows. e. None of these answer choices is correct.
To make your business messages more readable, you can do which of the following?
A) Add footnotes. B) Incorporate numbered and bulleted lists. C) Include a bibliography at the end. D) Eliminate white space.
A corporate director "owns" the corporation
Indicate whether the statement is true or false
Which of the following are most likely to be susceptible to pressures from advertisers on the type of stories to run?
A. financially insecure magazines B. newspapers with a diverse range of advertisers C. high-revenue media companies D. popular radio channels with high audience ratings E. large broadcast stations