Answer the following statements true (T) or false (F)
1. Whether a building is purchased or constructed, the same items are used to compute the cost of the building.
2. Costs of testing machinery or equipment before they are used would be included in the price of the machinery or the equipment
3. The cost of furniture and fixtures, such as file cabinets or shelving, includes its basic cost plus all other costs to ready the asset for its intended use.
4. When a company buys a building, realtor commissions are NOT included in the cost of the building.
5. The costs associated with clearing land and removing buildings are considered land improvements.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. FALSE
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The systematic allocation of land's cost to expense is called depreciation
Indicate whether the statement is true or false
The same job evaluation plan that has been developed using benchmark jobs must be applied to non-benchmark jobs.
Answer the following statement true (T) or false (F)
Zappos and Amazon focus on customer service. What purpose does this serve in terms of attaining behavioral control?
A. It demonstrates to employees the importance of articulating explicit goals and objectives. B. It uses culture to sustain their primary source of competitive advantage. C. It uses rewards and incentives to sustain corporate culture. D. It gives management more control over employees.
Which of the following is not a component of the fraud triangle?
A. Opportunity B. Pressure C. Rationalization D. Reliance