Which one of the following types of losses is excluded from the determination of net income in income statements? Material losses resulting from transactions in the company's investments account. Material losses resulting from the write-off of intangibles. Material losses resulting from correction of errors related to prior periods. Material losses resulting from unusual sales of assets not acquired for resale.

The advantage of administering personality tests on employees is that it will allow the employer to know the mindset and personality of the employee. this will allow the employer to at least have an idea as to how the employee works and how his attitude in the workplace. the disadvantage is that it may make the employee a little anxious as to whether he would meet the personality requirements of the employer and whether he would be able to retain the job or not.