Which Statement Is Not Correct

question 74

Multiple Choice

Which statement is not correct?

• A)Goodwill represents the difference between the purchase price and the fair value of net assets acquired.
• B)Fair value is the after-tax amount at which an item could be sold in an arm's length transaction.
• C)Economic goodwill differs from accounting goodwill and can be created by branding.
• D)Fair value is the amount which could be exchanged in an arm's length transaction.

Identify the principles of human resource strategies in relation to job design and workforce management.

Recognize the importance of mutual trust and commitment between management and employees for effective operations.

Comprehend the benefits and applications of work sampling and time studies in measuring work performance.

Understand the significance of flexibility in work schedules for operational efficiency and employee satisfaction.

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Definitions:

Domestic Relationships

Interpersonal relationships that are characterized by a significant degree of personal intimacy or commitment, including family relationships and cohabitation.

Binding

The quality of being legally enforceable or imposing duties on the parties involved.

Enforceable Contract

A legal agreement that can be upheld in court, usually because it meets all necessary legal requirements.

Written Contract

A legally binding agreement between two or more parties that is expressed in written form.