A nonprofit CEO and his staff are discussing the status of their nonprofit’s ability to achieve its mission. One staff member commented the organization has experienced a roller-coaster ride of ups and downs over the years and it may be time to change the organization’s processes. According to Andreasen, this nonprofit is in which stage of social change?
A. climbing the agenda
B. discovery of the problem
C. inattention to the problem
D. reassessing and redirecting efforts
D. reassessing and redirecting efforts
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Chris wanted to get a loan from the bank, but he had bad credit. In order to get the money, he convinced Eric to cosign as a surety. Now Chris has stopped making the payments. When is Eric liable for repayment of the loan?
A. When Chris stopped making payments. B. Never, because Eric was not the one actually using the money. C. Only after the bank attempts to recover the full amount from Chris. D. At any point.
A chemical company spent $531,000 to produce 151,000 gallons of a chemical that can be sold for $5.00 per gallon. This chemical can be further processed into a weed killer that can be sold for $8.20 per gallon. It will cost $250,000 to process the chemical into the weed killer. Which of the following is TRUE?
A) To maximize operating income, the company should continue to sell the chemical as is. B) If the company decides to process further, it will increase operating income by $457,200. C) If the company decides to process further, it will increase operating income by $233,200. D) If the company decides to process further, it will decrease operating income by $1,238,200.
Which of the following applies to the measurement and recognition of an asset?
a. A pervasive principle in accounting is that an asset is measured at the market value of the consideration exchanged or sacrificed to acquire it and place it in operating condition. b. In some cases, an asset may be recorded at an amount greater than its cash equivalent purchase price. c. When the consideration given for an asset is non-monetary, the market value of that consideration generally provides the most reliable basis for measuring acquisition cost. d. Assets are always measured and reported based on historical cost.
An organizational design that groups workers together into teams who are all responsible for their output, and that arranges machines according to the process needed to assemble the finished product is known as a ____________________ organization.
Fill in the blank(s) with the appropriate word(s).