Which of the following is a difference between profit-sharing plans and employee ownership plans?
A. Unlike ownership plans, base pay is not reduced when profit-sharing plans are introduced.
B. Ownership plans promote individual competition, whereas profit-sharing plans promote group competition.
C. The link between pay and performance is less obvious under ownership than under profit sharing.
D. Ownership plans focus on the success of the organization as a whole, unlike profit-sharing plans.
E. Profit-sharing plans promote individual competition, whereas ownership plans promote group competition.
Answer: C
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Which of the following is TRUE of the use of ethics assist lines today?
a. Users of ethics assist lines typically just report incidents rather than receive assistance. b. About half of fortune 500 companies now employ an ethics assist line. c. Most organizations call them “ethics hotlines” instead of assist lines. d. Many small organizations contract out to third party services for an ethics assist line.
Firms with convertible preferred stock or other potentially dilutive securities outstanding
a. must present dual earnings-per-share amounts. b. calculate basic earnings per share by taking net income attributable to common stock and dividing by the average number of common shares outstanding during the period. c. calculate diluted earnings per share when a firm has securities outstanding that, if exchanged for common stock would decrease basic earnings per share by 3 percent or more. d. all of the above e. none of the above
Equivalent production units, usually are determined for
A) direct materials and conversion costs. B) direct materials only. C) conversion costs only. D) direct materials and direct labor costs only.
Signed statements:
a. must be prepared by the fraud perpetrator in his/her own handwriting. b. are generally 5 - 10 pages in length in order to include all necessary details and facts. c. as a general rule should not include words such as "lie" and "steal." d. should include a statement that the confession is being coerced.