The most common claim of discrimination, which makes up about 36% of charges filed, is:
a. sex b. race
c. experience d. age
e. religion
b
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Financial statements should provide information that is both relevant and reliable. The current model upon which financial statements are based is the historical cost model. Over the past fifty years, however, various individuals and groups have
advocated the implementation of current value models of accounting. One such model represents the amount of cash for which an asset might be sold or a liability might be refinanced, sometimes referred as the current-exit-price approach. The current exit price is generally agreed to correspond (1) to the selling price under conditions of orderly rather than forced liquidation, and (2) to the selling price at the time of measurement. All assets and liabilities are thus revalued at their exit prices at each reporting date. Required: Evaluate the historical cost and current-exit-price models in terms of relevance and reliability.
Appellate court decisions are final and cannot be appealed to any higher courts
Indicate whether the statement is true or false
An internal forecast is based on ________
A) a buildup, or consensus, of sales forecasts through a firm's own sales channels, adjusted for additional factors such as production capabilities B) the relationships between a firm's sales and certain economic indicators C) the prediction of a firm's sales over a given period through surveys sent to financial analysts D) developing the pro forma income statement to forecast sales and then express the various income statement items as percentage of projected sales
CeCe Springer works for a large cosmetics company. She calls on retailers to tell them about her firm's new products, to train the retailers' salespeople, and to set up promotion displays. Her boss actually handles the order-related activities. CeCe is a(n)
A. manufacturers' agent. B. missionary sales rep. C. order taker. D. order getter. E. technical specialist.