Instructions: 2-3 short sentences for each question, no right or wrong answer...
Question 1. Do you believe that the lack of internal controls in a business rather than theft or abuse is the main cause for inventory discreptancies or do you think that it is simply an accounting issue?
Question 2. In addition to the ADEA (Age Discrimination and Employment Act), name another federal law that prohibits job discrimination? What discriminatory practices are prohibited by this law? Who enforces it?
Question 3. Explain two reasons why a corporation might choose to repurchase its own stock.
Question 4. What is comprehensive income? and what does it affect?