The key management practices that drove job control unionism included all of the following except:
A. Management insistence on maintaining sole authority over traditional management
practices
B. Narrow job classifications
C. Minimal employee input into decision making
D. Restrictive systems of reward based on job seniority
D. Restrictive systems of reward based on job seniority
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Under IFRS, pension expense generally consists of:
A. current service cost and past service cost. B. current and past service cost and net interest on the net defined benefit liability or asset. C. only current service cost. D. only the actual payments made to retirees during the fiscal year.
The higher the net profit margin of a company, the more money the company earns.
Answer the following statement true (T) or false (F)
The gross profit percentage is one of the most carefully watched measures of ________.
A) profitability B) liquidity C) solvency D) marketability
A machine that was purchased for $110,000 has accumulated depreciation of $70,000. The business exchanges the machine for a new one. The new machine has a market value of $140,000, and the business pays $110,000 cash. Assume the exchange has commercial substance. This exchange results in a ________.
A) gain of $10,000 B) gain of $5000 C) loss of $10,000 D) loss of $40,000