A Product-Oriented Layout Would Be Most Appropriate for Which One

question 107

Multiple Choice

A product-oriented layout would be most appropriate for which one of the following businesses?

• A) fast food
• B) steel-making
• C) insurance sales
• D) clothing alterations
• E) a grocery store

Know the provisions of the Federal Employee Polygraph Protection Act regarding the use of lie detectors.

Analyze the rights of an injured employee against their employer under common law and the impact of workers' compensation acts.

Describe the remedies available for violations of the Civil Rights Act of 1964.

Recognize remedies available under the Equal Pay Act.

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Definitions:

Entity Principle

The Entity Principle is an accounting concept stating that a business must be accounted for separately from its owner or any other business entity.

Revenues Earned

Income that has been generated from business activities and is recognized once the service has been provided or the goods have been delivered.

FASB Suggestion

Recommendations or guidance offered by the Financial Accounting Standards Board, which sets accounting principles in the United States.

AICPA

Stands for the American Institute of Certified Public Accountants, a professional organization of Certified Public Accountants in the United States.