Alpha Omega compares its practices set by management with the standard set in each unit as a benchmark.
Answer the following statement true (T) or false (F)
False
To compete for talent, organizations use benchmarking, a procedure in which an organization compares its own practices against those of the competition. In compensation management, benchmarking against product market and labor market competitors is typically accomplished through the use of one or more pay surveys, which provide information on going rates of pay among competing organizations.
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Which of the following statements is true of the Sherman Act?
A. The Sherman Act applies only to the sale of goods. B. Price fixing in the service sector is permitted under the Sherman Act. C. Maximum-price agreements are illegal, while minimum-price agreements are not illegal. D. The Sherman Act covers services, including those performed by learned professions. E. An action is not considered to be price fixing if the prices fixed are fair or reasonable.
The ISO 9001:2008 standard:
A) emphasizes corporate leadership as a means of determining who receives the award. B) has the greatest number of points awarded for business results. C) is awarded by the U.S. government each year. D) addresses quality system documentation.
Financial statements are typically prepared in the following order:
A. Income statement, balance sheet, statement of retained earnings. B. Statement of retained earnings, balance sheet, income statement. C. Balance sheet, income statement, statement of retained earnings.. D. Balance sheet, statement of retained earnings, income statement. E. Income statement, statement of retained earnings, balance sheet.
Which of the following statements is true of a trial balance?
A) A trial balance has the same format as a balance sheet.
B) A trial balance presents data in debit and credit format.
C) A trial balance shows the total amounts of assets and liabilities, but not equity.
D) A trial balance is prepared after the balance sheet.