Weick and Westley (1999) identify three metaphors through which organizational learning can be fostered. One of those is ________, which involves changing things by encouraging people to play around with everyday patterns and to change them slightly. It is not a one-person show but rather a team event that relies upon the instant response, feelings, and feedback of others.
a. Disorganization
b. Improvisation
c. Humor
d. Small wins
b. Improvisation
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The Hershey Company, the largest U.S. chocolate manufacturer, decided to enter the Chinese market because
A. Hershey's main strategic focus was on product and market diversification and not on the domestic market. B. the U.S. population was growing slowly and becoming more health conscious. C. this would help the company gain access to large cocoa plantations in China. D. its strategic position in the U.S. market was well protected through high entry barriers.
Theory Z leadership is associated with the work of:
A. Sheila Puffer. B. Robert Blake. C. Douglas McGregor. D. William Ouchi.
Netherland Corporation has the following unadjusted balances: Accounts Receivable, $80,000 (debit), and Allowance for Sales Discounts $300 (credit). Of the receivables, $50,000 of them are within the 2% discount period, and Netherland expects buyers to take $1,000 in future-period discounts ($50,000 × 2%) arising from this period's sales. The adjusting entry or entries to estimate sales discounts is (are):
A.
| Sales Discounts | 1,000 | |
| Allowance for Sales Discounts | 1,000 |
B.
| Sales Discounts | 700 | |
| Allowance for Sales Discounts | 700 |
C.
| Sales Discounts | 1,000 | |
| Accounts receivable | 1,000 |
D.
| Accounts Receivable | 80,000 | |
| Sales | 80,000 |
E.
| Sales Discounts | 50,000 | |
| Sales | 50,000 | |
| Cost of Goods Sold | 1,000 | |
| Inventory Returns Estimated | 1,000 |
A firm's operating breakeven point is the level of sales necessary to cover all fixed operating costs
Indicate whether the statement is true or false