The invention of a machine to make plastic corks for wine bottles has severely affected companies that produce traditional cork. This is an example of a(n) ______ force for change.
A. market
B. social and political
C. demographic
D. technological
E. economic
D. technological
Forces for change that originate outside the organization include demographic characteristics, market changes, technological advancements, and social and political pressures. This plastic cork machine is an example of a technological advancement.
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At the end of the accounting period, the correct entry in the general journal to adjust for beginning inventory is to
a. debit Purchases and credit Merchandise Inventory. b. debit Merchandise Inventory and credit Sales. c. debit Income Summary and credit Merchandise Inventory. d. debit the Capital account and credit a revenue account.
In order to increase the availability of an equipment or system for use, reliability has to ______ with ______ maintainability.
A. decrease; constant B. be constant; decreasing C. increase; constant D. be constant; constant
Firms that use mass customization
A. may be able to take advantage of the Internet for orders. B. may be able to give their customers more or better choices. C. are likely to have higher costs than do firms who produce more standardized products, but they may earn better profit margins. D. may target either business customers or final consumers. E. All these answers are correct.
A company issues a 10-year, callable bond at par with 8% annual coupon payments. The bond can be called at par in one year after issue or any time after that on a coupon payment date. The call price is $104 per $100 of face value
What is the yield to call if this bond is called in one year? A) 7% B) 12% C) 10% D) 4%