Give one example in which a mechanistic structure would thrive and one example in which an organic structure would thrive.
What will be an ideal response?
Mechanistic structures do well in stable environments, in which uniformity and control are important. An organization producing and selling a stable commodity--salt, for instance--might benefit from a mechanistic structure. Government agencies are also good examples. Organic structures do well in more dynamic environments, such as art studios and other creative organizations or functional departments, such as research and design or marketing.
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The accountant failed to make the adjusting entry to record the depreciation for the year. This error would cause
A) an overstatement of assets. B) an overstatement of expenses. C) an understatement of liabilities. D) an understatement of shareholders' equity.
How would a company’s donation of accounting services for a nonprofit charity differ from its donation of cash to that same organization?
a. It would be of greater value to the nonprofit. b. It would not be quantifiable in terms of monetary value. c. It would not have as big an effect on the giving company’s reputation. d. It would not be tax deductible.
What was the main argument of ARB 36?
a. ERISA did not create a pension liability except in the likelihood of plan termination. b. The cost of providing pension benefits should be spread over the remaining service life of employees. c. Pension expense should be computed using any one of five acceptable accumulated benefit methods, regardless of cash contributions. d. The balance sheet should report unfunded vested benefits.
John watched his brother die in a road accident. The perpetrator was driving under the influence of alcohol
John can recover damages for negligent infliction of emotional distress because of the mental trauma he suffered from watching his brother die. Indicate whether the statement is true or false