According to Henri Fayol, the Principle of ________ Requires Employees

question 73

Multiple Choice

According to Henri Fayol, the principle of ________ requires employees to respect the rules of their organization.

• A)equity
• B)remuneration
• C)discipline
• D)order

Compute ending inventory using different inventory valuation methods.

Estimate inventory loss using the gross profit method and understand its assumptions.

Calculate correct net income accounting for inventory misstatements.

Differentiate between IFRS and GAAP in terms of inventory valuation and understand the implications of each.

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Definitions:

Multinational Companies

Are corporations that operate in multiple countries aside from their home country, managing production or services across international borders.

Political

Relating to the government or public affairs of a country.

Social Ladder

The hierarchical structure within a society, where individuals or groups are ranked according to status or authority.