Which of the following is NOT a step in the strategic planning process?
A) establish the business mission
B) define the business objectives
C) develop the business portfolio
D) identify the business vision
E) evaluate all members of the supply chain
E
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After closing the temporary owners' equity accounts into Income Summary, and after allocating the net income and closing the partners' drawing accounts, assume the partners' capital accounts had credit balances as follows: Sanchez, $20,000; Dorvinsky, $30,000; Davenport, $45,000 . Partners share profits and losses as follows: Sanchez, 20%; Dorvinsky, 30%; and Davenport, 50%. If Davenport retired
and withdrew $40,000 in settlement of his/her equity and settlements are allocated according to capital interests, the amount entered in Dorvinsky's capital account would be a a. $2,000 credit. b. $2,000 debit. c. $3,000 credit. d. $3,000 debit.
When preparing consolidated financial statements, the result of the elimination process generally is the
a. restatement of the cash balance of each company due to intercompany transactions. b. presentation of only the transactions between the consolidated entity and others outside the entity. c. replacement of the investment account and the subsidiary's shareholders' equity with only the parent's share of the individual assets and liabilities of the subsidiary. d. posting the eliminations to both parent and subsidiary's accounts. e. posting the eliminations to the subsidiary's accounts, only.
An understanding of marketing beyond home markets develops over time as a company gets more international business experience. This process is referred to as the ________.
A. global acceptance curve B. international experience continuum C. global experience learning curve D. international experience learning curve E. global learning continuum
Jada has decided to implement weekly meetings between departments to discuss issues that occur cross-department. She also has implemented a worker morale program aimed at building teamwork. These are both events that even the most upper management will attend. Which of Deming’s 14 Points is Jada addressing?
A. Have Constancy of Purpose B. Embrace the New Philosophy C. Institute Leadership of People D. Break Down Barriers