Cross-functional challenges are greatest
A. when competition is nonexistent.
B. with a plan that the firm is already implementing.
C. when developing completely new marketing strategies.
D. when minor changes are made to an existing strategy.
E. in routine established operations.
Answer: C
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Professor McKenna like to allow her students to select the kind of group project they will do over the course of the semester. She guides each team member, but the team members are free to work together to identify goals, establish procedures, and reach their own conclusions at the end of the course. Professor McKenna is employing which type of leadership?
A. authoritarian B. participative C. laissez-faire D. communal
Which of the following statements describes a scenario when management should consider dropping a business division?
A) The division has been consistently reporting an operating loss. B) The division's avoidable fixed costs are less than its contribution margin. C) The division's avoidable fixed costs are greater than its contribution margin. D) The division's unavoidable fixed costs are greater than its operating loss.
A company has the following unadjusted account balances at December 31, of the current year; Accounts Receivable of $185,700 and Allowance for Doubtful Accounts of $1,600 (credit balance). The company uses the aging of accounts receivable to estimate its bad debts. The following aging schedule reflects its accounts receivable at the current year-end:Account AgeBalanceEstimated Uncollectible PercentageCurrent (not yet due)$96,0001.0%1-30 days past due64,0002.5%30-60 days past due16,00011.0%61-90 days past due6,50037.0%Over 90 days past due3,20070.0%Total$185,700?1. Calculate the amount of the Allowance for Doubtful Accounts that should appear on the December 31, of the current year, balance sheet.2. Prepare the adjusting journal entry to record bad debts expense for the current year.
What will be an ideal response?
Under the U.S. Constitution, all powers that are neither given exclusively to the federal government nor taken from the states are reserved to the states
Indicate whether the statement is true or false