Can you provide an example of knowledge achieved by the critical view?
What will be an ideal response?
When organisational members are talking about cultural differences, this could be a rhetorical device used to gain advantage in a power struggle. For example, organisational or national culture differences are shown to be used to explain why a merger failed, thus thereby occluding other problems that may not have been addressed.
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Payment is received from customers who were billed earlier for services provided for them. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. There is no effect on the accounting equation as one asset account increases while another asset account decreases.
Cartel Inc owns 35 percent of Elliott Corporation. During the calendar year 2014, Elliott had net earnings of $300,000 and paid dividends of $36,000 . Cartel mistakenly accounted for the investment in Elliott using the cost method rather than the equity method of accounting. What effect would this have on the investment account and net income, respectively?
a. Understate, overstate b. Overstate, understate c. Overstate, overstate d. Understate, understate
A firm is considering adding a second secretary to answer phone calls and make appointments. The cost of the secretary will be $10/hour and she will work 200 hours each month
If each new client adds $400 of profit to the firm, how many clients must the secretary arrange for the firm to break even?
Suppose you have owned and operated your own package delivery business for a year. You would like to engage in competitive benchmarking to make sure your business is run as smoothly as possible
What firms and processes would you consider for benchmarking? Defend your choices of these firms and processes. What specific metrics would you focus on and why? How could the data be reliably collected at your own business?