According to Michael Porter, firm profitability is dependent on ________.
a. Industry structure
b. People
c. The initial capital employed
d. The economy
a. Industry structure
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Mission statements should always tie back to the vision statement and should be incorporated into the infrastructure and service culture of an organization.
Answer the following statement true (T) or false (F)
Hans plans to make his employees’ positions more complex by increasing their responsibilities, which in turn will increase their authority to accomplish their own tasks. He hopes that if he takes the time to enrich their positions, then they will be more satisfied with their jobs. Hans plans to use which job design tactic to increase motivation?
A. job purpose B. job enrichment C. job enlargement D. job rotation
A company factored $38,000 of its accounts receivable and was charged a 1% factoring fee. The journal entry to record this transaction would include a:
A. Debit to Cash of $38,000 and a credit to Accounts Receivable of $38,000. B. Debit to Cash of $38,380 and a credit to Accounts Receivable of $38,380. C. Debit to Cash of $37,620, a debit to Factoring Fee Expense of $380, and a credit to Accounts Receivable of $38,000. D. Debit to Cash of $38,000, a credit to Factoring Fee Expense of $380, and a credit to Accounts Receivable of $37,620. E. Debit to Cash of $38,000 and a credit to Notes Payable of $38,000.
A person who buys a copyrighted work cannot sell it to someone else
Indicate whether the statement is true or false