Discuss why organizations need to experience change.
What will be an ideal response?
To become effective, productive, and satisfying to members, organizations need to change. Change is required at the organizational level as customers demand more, technologies are development with a rapidly changing life cycle, and investors demand results. Organizations are required to develop new strategies, economic structures, technologies, organizational structures, and processes. Change is also required of people. There are cultural differences, changes in communication, and a changing diverse workforce. New skills are required, and the ability to adapt is a must.
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Anselmo's Engineering buys circuit boards with a list price of $32,000. If the supplier extends trade discounts of 42/32/12, what is the trade discount amount?
A. $18,415.00 B. $15,170.00 C. $20,893.70 D. $16,835.25
A firm's core competency has applications only in the specific market in which the firm operates
Indicate whether the statement is true or false
Which of the following is not one of the responses to risk presented in COSO ERM?
A. Reduce the risk. B. Delegate the risk. C. Accept the risk. D. Share the risk.
On December 2, 2018, St. Andrews, Inc. purchases land. In exchange for the land, St. Andrews, Inc. issues 8,000 shares of common stock with $1.00 par value. The land has been appraised at a market value of $400,000. Prepare the journal entry for this transaction. Omit explanation.
What will be an ideal response?