The "human touch" is far less important in technology-based industries
Indicate whether the statement is true or false
False
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Deductions that are allowed for income tax purposes but do not qualify as expenses under GAAP are permanent differences
Indicate whether the statement is true or false
Which of the following best describes a profit center:
a. authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply. b. authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply, and significant control over the amount of invested capital. c. authority to make decisions over the most significant costs of operations, including the power to choose the sources of supply. d. authority to provide specialized support to other units within the organization. e. responsibility for combining the raw materials, direct labor, and other factors of production into a final product.
Equal Employment Opportunity (EEO) legislation means:
a. Companies need to take positive steps to ensure a balanced racial and ethnic workforce b. It is against the law to discriminate in hiring among applicants for employment c. Companies are proactive and aim to achieve a diverse and heterogeneous workforce that values employee differences d. Companies contribute to local as well as global community
Merchandise inventory refers to products that a company owns and plans to sell to customers.
Answer the following statement true (T) or false (F)