What is the paradox of needs?
What will be an ideal response?
Individuals and organizations need one another, but human happiness and organizational rationality are as likely to conflict as they are to coincide. Many institutions today still use the machine model of yesteryear. A top-down, command-and-control approach, revealed by the hierarchical organization chart, imposes static predictability, demand efficiency, and expect self-sacrifice. Human beings, by definition, are not premised on a mechanical model, but rather on an organic one.
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The chief executive officer earns $10,000 per month. As of May 31, her gross pay was $50,000. The tax rate for Social Security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of FICA-Social Security withheld from this employee for the month of June?
A. $268 B. $7,347 C. $1,240 D. $620 E. $290
Prices can be controlled through direct price fixing or by market allocation
Indicate whether the statement is true or false
Circle K Toys, Inc. manufactures toys and children's clothing and sells these products to retail outlets. The following costs were incurred in performing quality activities at Circle K during the year: Product recall activities$370,000Quality training activities$240,000Quality improvement activities$154,000Warranty claim activities$109,000Quality inspection and testing activities$61,000Rework activities$38,000Quality data collection and reporting activities$15,000? ?What is the total of the internal failure costs for Circle K?
A. $53,000 B. $38,000 C. $99,000 D. $517,000
Walter Enterprises expects its September sales to be 20% higher than its August sales of $150,000. Purchases were $100,000 in August and are expected to be $120,000 in September. All sales are on credit and are collected as follows: 30% in the month of the sale and 70% in the following month. Merchandise purchases are paid as follows: 25% in the month of purchase and 75% in the following month. The beginning cash balance on September 1 is $7,500. The ending cash balance on September 30 would be:
A. $54,000. B. $61,500. C. $136,500. D. $31,500. E. $67,500.