The Customer Meeting (Scenario)

question 14

Multiple Choice

The Customer Meeting (Scenario)
Samer, a production supervisor, is responsible for 10 employees who assemble components into a finished product that is sold to distributors. Samer reports to Bassem, a production manager, who in turn reports to Hani, a general manager, who reports to Jamil, a vice president of operations. Recently, Jamil asked Hani to have a meeting with Samer and Bassem regarding some customer concerns in the production area. The focus of the meeting was to judge the validity of the customer concerns, and to develop a specific plan to address
these concerns.
-Bassem and Hani are considered to be what level of management?

• A) middle managers
• B) top managers
• C) first-line managers
• D) superintendents of assembly

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Definitions:

Proportionate Interest Method

An accounting method used to reflect a company's stake in a joint venture by recognizing only its share of assets, liabilities, income, and expenses in its financial statements.

AASB 3

Refers to the Australian Accounting Standards Board's standard on Business Combinations, outlining requirements for the accounting treatment of mergers and acquisitions.

Measurement of NCI

The process of determining the value of non-controlling interests in a subsidiary, which are not owned by the parent company.

Date of Acquisition

The specific date on which control of assets and liabilities transfers from one entity to another in a business combination.