Which of the Following Is True of Staff Management

question 110

Multiple Choice

Which of the following is true of staff management?

• A) It plans income taxes, sales taxes, and international taxes.
• B) It is directly responsible for achieving the goals of the organization.
• C) It provides advice, support, and assistance to line management.
• D) It controls the main business functions such as production and marketing.

Identify how to account for various types of revenue in NFP organizations.

Comprehend the accounting treatment for restricted funds and endowments.

Know the differences in accounting treatments for capital and operational contributions.

Understand the accounting for volunteer services and donated assets.

---

Definitions:

Net Income

The amount of money left after all expenses, taxes, and costs have been subtracted from total revenue, indicating the profit earned by a company.

Indirect Method

A cash flow statement preparation method that adjusts net income for the changes in balance sheet accounts to calculate the cash from operating activities.

Depreciation

The methodical distribution of a physical asset's cost across its lifetime, reflecting the asset's depreciation, wear, and eventual obsolescence.

Fixed Assets

Long-term tangible assets, such as buildings, machinery, and equipment, used in the operations of a business and not intended for resale.