Decision making in response to threats occurs only when organizational performance adversely affects events inside the organization.
Answer the following statement true (T) or false (F)
False
Decision making in response to threats occurs when events inside or outside the organization adversely affect organizational performance, and managers search for ways to increase performance.
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Carrington, Inc recorded $97,000 in salary expense for January, 2015 . Its beginning balance in salaries payable was $3,000 and its ending balance was $4,000 . How much was paid in cash for salaries during January, 2015?
a. $96,000 b. $97,000 c. $98,000 d. $99,000
Morris Company uses special journals to record transactions. Below are the sales journal and cash receipts journal for Morris. Prepare the following:a. Open an accounts receivable subsidiary ledger having a T-account for each customer. Post the invoices to the subsidiary ledger.b. Open an Accounts Receivable controlling T-Account. Post the end-of the month totals that affect the Accounts Receivable account only.c. Prepare a schedule of accounts receivable and prove that its total equals the Accounts Receivable controlling account balance.Sales JournalDateAccount DebitedInvoice NumberPRAccounts Receivable Dr. Sales Cr.Cost of Goods Sold Dr. Inventory Cr.12/1Wazoo Co.1200?6,9003,50012/1Fargo Co.1201?3,4001,80012/3Jansen Co.1202?7,2004,00012/6Marsh
Co.1203?3,0001,500?Totals??20,50010,800Cash Receipts JournalDateAccount CreditedExplanationPRCash Dr.Sales Discount Dr.Accounts Receivable Cr.Sales Cr.Other Accounts Cr.Cost of Goods Sold Dr. Inventory Cr.12/2SalesCash sales?12,000??12,000?6,50012/3Notes PayableBank loan?15,000???15,000?12/5Wazoo Co.Invoice 12/1?6,7621386,900???12/6Fargo Co.Invoice 12/1?3,332683,400????Totals??37,09420610,30012,00015,0006,500 What will be an ideal response?
Which of the following systems allows a company to automate and integrate many business processes and to share/access information?
a. ERP b. FRP c. PRP d. ARP
Which of the following statements about teams in today's business is most accurate?
A) ?Teams can be effective in solving problems and in developing new products. B) Today's teams collaborate only face-to-face. C) ?Effective soft skills are not necessary when collaborating in teams. D) ?Teams are rarely used in today's business environment.