The Accounting of Sales and Costs of Many New Technology

question 31

Multiple Choice

The accounting of sales and costs of many new technology products has resulted in many ethical and legal controversies.Often,the shelf life of a new product is difficult to assess and therefore how to allocate sales and costs is debatable.A court decision provides guidelines to address these issues.The court decision is an example of:

• A) UCC codification.
• B) administrative law.
• C) common law.
• D) statutory law.
• E) all of the above.

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Definitions:

Performance Appraisals

A regular review and evaluation of an employee’s job performance and contribution to the organization, often used to determine promotions, compensations, and development needs.

Traditional Unstructured

Describes approaches, processes, or methods that lack a formal framework, often relying on informal practices.

Performance Appraisal

An evaluation method in which an employee's job performance is reviewed and discussed to identify strengths and areas for improvement.

Personnel Decisions

Decisions related to the management of staff within an organization, including hiring, firing, promotions, and assignment of responsibilities.