Argyris and Schön (1978) identified two types of organizational level learning. The process of optimizing skills and acquiring knowledge to resolve an organizational problem is called ____________ learning.
a. Single loop
b. Double loop
c. Triple loop
d. Problem loop
a. Single loop
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Which of the following accounts will eventually be followed with an outflow of cash?
a. Design Revenue b. Notes Receivable c. Accounts Payable d. Prepaid Rent
Which of the following most accurately identifies a difference between a weakness and a threat in SWOT analysis?
A) A company is more able to change a threat than a weakness. B) A company is more able to change a weakness than a threat. C) A company can be more negatively affected by a weakness than by a threat. D) A company can be more negatively affected by a threat than by a weakness. E) A company can more easily identify threats than weaknesses.
Keith, a clothing store owner, offers product suggestions to customers based on their current purchases. Which of the following is Keith trying to increase?
A) shared value B) share of customer C) social responsibility D) customer-generated marketing E) customer loyalty
A company is planning to purchase a machine that will cost $24,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? Sales $90,000 Costs: Manufacturing$52,000 Depreciation on machine 4,000 Selling and administrative expenses 30,000 (86,000) Income before taxes $4,000 Income tax (50%) (2,000) Net income $2,000
A. 24 years. B. 12 years. C. 1 year. D. 4 years. E. 6 years.