Identify Which of the Following Statements Is True

question 63

Multiple Choice

Identify which of the following statements is true.

• A)A corporation that is a member of an affiliated group filing a consolidated tax return may be allowed a tax year which is different from the group's parent.
• B)An S corporation must generally use a calendar year.
• C)A corporation's first year must cover a twelve-month period.
• D)All of the above are false.

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Definitions:

Job Specialization

The process of focusing work and roles within an organization on specific tasks or functions to increase efficiency and expertise.

Predetermined Time Standards

A division of manual work into small basic elements that have established and widely accepted times.

Work Sampling

An estimate, via sampling, of the percent of the time that a worker spends on various tasks.

Human Resource Strategy

A strategic framework that guides how an organization manages and develops its workforce to align with business goals.