Explain the five advantages of using a group to make a decision.
What will be an ideal response?
Using groups to make a decision offers at least five potential advantages: 1) More information is available when several people are making the decision. If one member does not have all the facts or needed expertise, another member might. 2) A greater number of perspectives on the issues, or different approaches to solving the problem, are available. The problem may be new to one group member but familiar to another. Or the group may need to consider other viewpoints—financial, legal, marketing, human resources, and so on—to achieve an optimal solution. 3) Group discussion provides an opportunity for intellectual stimulation. It can get people thinking and unleash their creativity to a far greater extent than would be possible with individual decision making. 4) People who participate in a group discussion are more likely to understand why the decision was made. They will have heard the relevant arguments both for the chosen alternative and against the rejected alternatives. 5) Group discussion typically leads to a higher level of commitment to the decision. Buying into the proposed solution translates into high motivation to ensure that it is executed well.
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Assume a corporation receives subscriptions for 8,000 of its $4 par common stock for $50,000 . After the final cash payment has been received for the subscription, what is the final journal entry?
a. Common stock subscriptions receivable is debited $32,000, accounts receivable is debited $18,000 and common stock subscribed is credited $50,000. b. Common Stock Subscribed is debited $32,000, Paid-in Capital in Excess of Par-Common Stock is debited $18,000 and Common Stock Subscriptions Receivable is credited $50,000. c. Common stock is credited $32,000 and common stock subscribed is debited $32,000. d. Common stock subscribed is debited $32,000, revenue is debited $18,000 and common stock subscriptions receivable is credited $50,000. e. Common Stock Subscribed is debited $32,000 and Common Stock is credited $32,000.
Casper Company purchased $40,000 of goods in July and expects to purchase $60,000 of goods in August. Casper typically pays for 25% of purchases in the month of purchase and 75% in the following month. What are Casper Company's total expected cash disbursements for purchases in the month of August?
A) $45,000 B) $40,000 C) $55,000 D) $60,000 E) $100,000
Damages that compensate the nonbreaching party for the loss of a bargain are known as consequential damages
Indicate whether the statement is true or false
In the project communications matrix, all of the following "who" items are typically included EXCEPT:
a. Who does the project team need to learn from? b. Who does the project team need to share with? c. Who take the minutes at the next status meeting? d. Who on the project team is responsible for a communication?