The given statement, "The board of directors oversees and ratifies strategic decisions and evaluates, rewards, and, if necessary, penalizes top managers" is true
<u>Explanation:
</u>
A board of directors is a team of experts elected by stockholders of a company to serve the interest of the stockholders and ensure that the company management behaves on their behalf. The Chairperson or Chairman of the Board is the head of the Board of Directors.
The board of directors supervises and ratifies strategic decisions as intermediaries between the owners and managers and reviews, awards and, if required, punishes top management.
These includes the following,
- Composition
- Leadership structure
- Interlocks
The Board decides on the employment and recruitment of employees, share price measures, payments, and employee compensation.
Answer:
The correct word for the blank space is: specific job; process.
Explanation:
The cost object represents the cost of an object or department for which that cost is assigned. For instance, the repairs department of a dealership is a cost object of the repairs employees and the repair supplies. Cost objects are usually traceable thus are treated as direct costs for accounting purposes.
Then, <em>the cost object of a job order is the specific job assigned</em>; <em>while the cost object of a process costing system is the process </em>itself.
Answer: Will report a liability of $5000 for judgement debt and a claim of $11,000
Explanation:
The liability refers to the obligations of the firm which are certain is going to make payment as compensation.
The $5000 liability, although payment has not been made it's already Incurred by the company under the acural concept.
The claim of $11,000 is only probable and not certain even though amount and time of execution can be estimated, since it's not certain it will only be recorded as a claim in the goverments fund balance sheet.
Answer:
The correct answer is D
Explanation:
Expatriate manager is the one or the workers who are migrated from their home country to the outside nations in order to earn more than the in the home country.
In this case, Company expands the operations in France where they sends Gerard who is a citizen of American. So, this is an expatriate manager as he was migrated to France.
