Explain the three main areas of the balance sheet
What will be an ideal response?
Answer: The three main areas of the balance sheet are assets, liabilities, and owners' equity. Assets include items of economic value owned by the company—they can be physical (for example, buildings), financial (such as accounts receivable), or intellectual (including patents). Assets also include cash itself. Liabilities are the amounts of money that the company owes to others, such as payroll to employees, taxes to government, borrowed money to banks, and bills for materials or services to creditors. Owners' equity is what is left over from the assets after all liabilities have been settled.
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Monitoring allows a manager to ensure effective, productive performance by preventing the loss of productivity to inappropriate technology use.
Answer the following statement true (T) or false (F)
What is an example of an interactive control?
a. Limits on spending authority at a managerial level b. Stated organizational values c. Sales data based on changed selling efforts d. Market intelligence data
The company has its camera and drone assembly facilities in ________
Fill in the blank(s) with the appropriate word(s).
Which of the following is NOT a remedy for the bullwhip effect?
A) share demand information B) channel coordination C) order batching D) price stabilization E) allocate orders based on past demand