The work and/or assignments performed by employees are referred to as skills.

True

False

Which of the following statements is true of needs assessment? Group of answer choices a. The needs assessment process fails to provide information regarding the outcomes that should be collected to evaluate training effectiveness. b.

Drew Co. uses the average cost inventory method for internal reporting purposes and LIFO for financial statement and income tax reporting. At December 31, the inventory was $375,000 using average cost and $320,000 using LIFO.

All agencies with jurisdictional authority and/or functional responsibility for the incident provide joint support through mutually developed incident objectives and strategies. This is an example of: A. Unified Command B. Area Command C.

Brad and Kate received $9,500 for rent from Mike and Janet, who are renting their home in Santa Ana, California. Brad and Kate did not use this property for personal use.

What data is used to create a business cycle?

Reversing entries are 1. normally prepared for prepaid, accrued, and estimated items. 2. necessary to achieve a proper matching of revenue and expense. 3. useful in simplifying the recording of transactions in the next accounting period.

List at least three factors of business success.

No one likes to pay taxes. But imagine that the highway system in your area is in great need of repair and that you are part of a citizen's group which is considering how best to go about this.

Loss leaders are poorly managed retailcompanies of outlets

Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (6 pounds at $3.10 per pound) $18.60 Direct labor (4 hours at $10.00 per hour) $40.