Why is it important to understand the specific external and internal forces of change that organizations face?
What will be an ideal response?
*Every day, employees are affected by a range of internal and external forces as they try to perform their
roles in organizations
*Managers who promote an awareness of these forces and make an effort to counteract them have a
better chance of creating a more productive and loyal workforce
*This means organizations need to adapt to external forces, which are outside influences, such as
competitors’ actions and customers’ changing preferences
* Internal forces, which are inside influences, such as company culture and employee diversity
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The financial statement that summarizes the operating, investing, and financing activities of a business over a period of time is the ___________________________________
Fill in the blank(s) with correct word
Which of the following statements is false?
a. All the above statements are false. b. The material inventory includes both direct and indirect materials. c. A manufacturing company has 3 types of inventory: Direct material, Indirect material and work in process. d. Service companies do not have a finished goods inventory.
Valley Packaging Company's adjusted trial balance showed a zero balance in retained earnings. Which of the following is the most likely explanation for this?
A. The current year was Valley's first year in business. B. An error must have been made in preparing Valley's trial balance. C. Valley reported zero net income in the current year. D. Valley's trial balance will be out of balance until closing entries are recorded.
What is the total cost to complete this project as quickly as possible if each day on site costs $1,000?
A) $43,100 B) $40,300 C) $39,300 D) $41,900