In a manufacturing environment, costs of materials initially flow
A) into the Work in Process Inventory account.
B) into the Materials Inventory account.
C) into the Cost of Goods Sold account.
D) into the Finished Goods Inventory account.
B
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Who defines innovation and change as ‘the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or service. It is capable of being presented, as a discipline, capable of being learned, capable of being practiced.’
a. Edgar Schien b. Karl Weick c. Peter Drucker d. Gareth Morgan
Based on the questions posed by a leadership coach on strategic goals, what concern was not mentioned by the coach?
a. Will strategic goals position the organization for the future? b. Is there a champion assigned for each strategic goal? c. Were responsibilities and accountabilities communicated clearly? d. Were leaders ready to establish consequences for goals not attained?
Accord Corporation purchased land for $100,000 by making a cash payment of $30,000 and promising to pay the remaining amount in a later accounting period. What is the net effect of this transaction on Accord's accounting equation?
A) assets increase by $100,000 and liabilities decrease by $30,000 B) assets increase by $100,000 and liabilities decrease by $70,000 C) assets and equity increase by $70,000 D) assets and liabilities increase by $70,000
Outsourcing can be risky because it decreases the firm's strategic flexibility
Indicate whether the statement is true or false.