A+ Answers of the following Questions
7. Domestic Co. establishes Foreign Subsidiary Co. at the beginning of the current reporting year. The primary analytical consideration resulting from this business decision is the:
A. establishment of a separate legal entity.
B. additional financial statements produced by the newly created entity.
C.XXXcreation of more detailed segment disclosures.
D. reporting of Domestic Co.’s financial statements on a consolidated basis.
9. Assume that an entity depreciates equipment purchased this year on a straight-line basis for financial reporting purposes and uses an accelerated method for tax purposes. If the company acquires more expensive equipment in the next reporting year, the company’s next balance sheet would report a ____________ than the current balance sheet.
A. larger deferred tax liability
B. smaller deferred tax liability
C. larger deferred tax asset
D.XXX smaller deferred tax asset
11. In the 1990s, many HMOs felt their participation in Medicare HMOs was essential for their business strategy. The interest of health plans in contracting with Medicare arose from the belief that:
A.XXX it could be profitable.
B. employers wanted HMO options for retirees.
C. contracts with Medicare guaranteed at least a 5-year contract.
D. Both B and C are correct.
17. A competency approach to job analysis does NOT include:
A. performance appraisal.
B. discovering unassigned duties.
C. assessing the employee's attitude on the job.
D. compensation.
E.XXX employee selection criteria.
Dessler p. 155,156
18. Policies differ from procedures and rules. Which of the following is the correct definition for a policy? A policy:
A. is a general statement about the organization's position on an issue.
B.XXX defines the way an organization deals with broad issues.
C. defines expected behaviors of employees at work.
D. summarizes the legal obligations of the health care organization.
20. Sally, an R.N. who has worked in an ICU for seven years, is working with Joan, a recently graduated nurse, and new to the ICU. Sally is demonstrating the correct procedure for infusion therapy with a patient. Instruction on proper procedures would be considered:
A.XXX employee development.
B. integrated employee training.
C. team building.
D. the delivery phase of the three-phase training process.
12 years ago
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