Imagine that you have developed a software application and are now ready to “open shop.” Describe some of the penny-pinching techniques you would use to get your business started.
What will be an ideal response?
Avoid taking a salary, reimburse with equity and goodwill, offer discounts, do much of the work yourself, buy used, use the lowest cost travel, negotiate payment terms, etc.
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Why are journals and ledgers not modeled in an REA diagram?
Which of the following statements about organizational markets is NOT true?
A) Some consumers are included in the market. B) The size of purchases made in organizational markets is much larger than those made in consumer markets. C) Organizational markets are geographically concentrated. D) Organizational markets have a narrow customer base and a small number of buyers. E) Most demand for organizational products is derived and inelastic.
Groups and teams are the backbone of organizations because of the ______: Each group/department’s performance is affected by at least one other group and each department affects the performance of the total organization.
a. organism effect b. Gestalt effect c. holistic effect d. systems effect
An employee earned $44,100 during the year working for an employer when the maximum limit for Social Security was $128,400. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes amount is:
A. $2728.00. B. $638.00. C. $3373.65. D. $6732.00. E. $6094.00.