A centralized, bureaucratic approach with standardized work processes for managing uncertainty is ideal for which of the following environments?
A. simple and stable
B. stable and complex
C. stable and dynamic
D. complex and dynamic
E. dynamic and simple
Answer: A
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An old machine that originally cost $9,500 thus far has accumulated depreciation of $1,900 . The remaining useful life is four years, with no salvage value at the end of its useful life. A new machine is now available that costs $8,500, with a useful life of five years and no residual value. The old machine could be sold now for $5,900 . The annual cash operating costs for the old machine are
$5,000, but for the new machine they would be only $2,500 . Gross revenue from the products would be $12,000 annually for either machine. The company should a. keep the old machine to avoid a $5,900 loss on its disposal. b. keep the old machine to avoid a $1,700 loss on its disposal. c. replace the old machine. d. keep the old machine to avoid an $8,500 decrease in cash.
All-American University, a U.S. university, provides tuition support for up to eight semesters of undergraduate education for up to two children of faculty and staff of the university. To qualify for this tuition benefit, the faculty or staff member
must have at least seven contiguous years of full-time service and be a full-time employee when the benefits are received. All-American estimates that this tuition benefit helps retain and attract employees. How should All-American treat its expenditures on these tuition benefits each year?
Which of the following is not a characteristic of short-term financing?
A. It must be repaid within three years. B. It is easier to obtain than long-term financing. C. There is less risk of nonpayment to the lender. D. The amounts are usually smaller than amounts obtained through long-term sources. E. There is a close working relationship between borrower and lender.
The element that distinguishes a contract from a gift is A)?performance of the offeror's or donor's promise
B)?the element of consideration which is present in a contract, but not in a gift. C)?whether or not the offeree or donee accepts the offer. D)?whether or not the subject of the gift or contract is illegal.