Scenario 4-1 You Have Recently Been Hired as the HRM

question 18

Multiple Choice

Scenario 4-1 You have recently been hired as the HRM for Scribe Engineering, a Canadian software development company.Scribe's product is information systems.The company's environment is competitive and constantly changing.There continues to be an increased demand for customized computer systems that improve the flow of information in a wide range of small Canadian businesses.Due to Scribe's growth in sales, the company is anticipating the need for an increase from 150 to 200 employees.The company requires highly skilled software designers, computer programmers, sales professionals, and support staff.The majority of employees, from younger technical support staff to senior management, stated that work-life balance is important to them and that they want more flexibility in how and when their work gets done.Job demands are changing constantly because of the dynamic environment.There are concerns of sex, age, and family status discrimination with the office administration employees.The CEO has stated that Scribe has a few outdated job advertisements, but that the company never had time to write job descriptions.Managers have expressed concerns that job descriptions are of limited value because positions need to adapt to the high speed of change and that they limit their flexibility in supervising employees' tasks.
-Refer to Scenario 4-1.How might you begin to deal with human rights issues of sex, family, and age discrimination with the office administration employees at Scribe Engineering

• A)File a complaint immediately with the Human Rights Tribunal or Commission.
• B)Conduct a job analysis as a legally acceptable way of determining job-relatedness.
• C)Ensure management practices do not have a negative effect on employees.
• D)Modify any discriminatory employment practices.

Understand the principles of cost accounting systems (job order costing, process costing, activity-based costing).

Determine the cost of goods under various inventory costing methods (e.g., FIFO).

Calculate and apply factory overhead rates.

Record and understand the significance of underapplied or overapplied overhead.

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Definitions:

Voting Power

Refers to the rights of shareholders to vote on corporate matters, typically exercised during annual general meetings and special resolutions.

Investments In Associates

Investments where the investor has significant influence (typically 20-50% ownership) over the investee but does not control it.

Measured At Cost

An accounting principle where an asset is recorded on the balance sheet based on its original purchase price, including all costs necessary to get it ready for its intended use.

Consolidated Financial Statements

Financial statements of a group in which the assets, liabilities, equity, income, expenses, and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity.