Civil regulation is also known as:

A) private regulation.
B) self-regulation.
C) state regulation.
D) voluntary regulation

Answer: A) private regulation.

Business

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The ________ of appraisal compares each employee's performance to a predetermined standard or expected level of output

A) critical incident method B) work standards method C) forced distribution method D) behaviorally anchored rating scale method

Business

The Magic Flute Company provides the following information from the Stockholders' Equity section of the balance sheet:

Common Stock, $1 par value, 200,000 shares issued and outstanding $200,000 Additional Paid-in Capital in Excess of Par—Common 1,400,000 Retained Earnings 1,520,000 Total stockholders' Equity 3,120,000 Magic Flute had the following transactions related to treasury shares: January 1 Acquired 30,000 shares of its common stock in the open market for $12 per share March 1 Sold 5,000 shares for $16 April 1 Sold 5,000 shares for $6 May 1 Retired 5,000 treasury shares Prepare the necessary journal entries to record all treasury stock transactions. What will be an ideal response?

Business