Differentiate between an open and a closed system.
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An open system is a system that takes in resources from its external environment and converts or transforms them into goods and services that are sent back to that environment, where they are bought by customers. The system is said to be open because the organization draws from and interacts with the external environment in order to survive; in other words, the organization is open to its environment. A closed system, in contrast, is a self-contained system that is not affected by changes in its external environment.
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Which of the following statements is TRUE of the direct write-off method?
A) GAAP requires public companies to follow the direct write-off method. B) It provides better matching of revenues with expenses. C) It results in more accurate net income than any other method. D) It is only suitable for small companies that have very few uncollectible receivables.
What will be the most likely outcome for Charles due to the retiring representative's lack of record-keeping?
A) Charles' sales will track way behind those of the retiring representative, and he will be docked pay and denied promotions. B) Since Charles is starting from almost scratch developing a prospect and customer base, he will lose some current customers because he does not know about them. C) Charles will be unlikely to develop sales presentation skills because of the time required to track referrals. D) Since Charles does not need any information from the retiring representative, he will conduct more cold calls and develop a larger base of qualified customers. E) Charles will continue maintaining the retiring representative's accounts as usual without any changes in strategy or implementation.
Culture explains variations of adoption categories in the diffusion of innovations. Two dimensions explain the variations of two of the adoption categories. Which are the categories, and which dimensions explain? (max 500 characters)
What will be an ideal response?
Name and briefly describe the four managerial derailment patterns.
What will be an ideal response?