Name three of the ways organizations changed after the industrial revolution. Which do you think has continued to affect business in the 21st century?
What will be an ideal response?
| 1. | Managers tried to find better ways to satisfy customers' needs. |
| 2. | New, more sophisticated machinery and equipment changed the way |
| 3. | Small workshops were replaced by big factories. |
| 4. | Workers were replaced by machines. |
| 5. | Organizations were unprepared for the social problems that occur when |
| 6. | Managers needed to find ways to increase efficiency of the worker-task mix. |
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Which of the following statements is true of revenues?
A) Revenues decrease equity, so a revenue account's normal balance is a credit balance. B) Revenues decrease equity, so a revenue account's normal balance is a debit balance. C) Revenues increase equity, so a revenue account's normal balance is a debit balance. D) Revenues increase equity, so a revenue account's normal balance is a credit balance.
Going Places Adventure Travel signed a 14%, 10-year note for $152,000. The company paid an installment of $2,200 for the first month. After the first payment, what is the principal balance? (Round your answer to the nearest whole number.)
A) $149,800 B) $150,227 C) $151,573 D) $154,200
Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below: YearInvestment A Investment B0 $(15,500) $(9600) 1 5180? 5180? 2 5180? 4160? 3 5180? 3220? 4 4160? 1240? The company's hurdle rate is 10%. What is the present value index of Investment B? Use Appendix Table 1. (Do not round intermediate calculations. Round your answer to two decimal points.)
A. 1.00 B. 1.19 C. 1.06 D. None of these answers is correct.
In the late 1970s, LarceCo, a tea manufacturing company, entered the market of a developing country called Fantesnia. As there was a lack of hard currency in Fantesnia, LarceCo was involved in a barter system. It exchanged its tea-based products for the local vodka of Fantesnia. This scenario illustrates that LarceCo had engaged in _____.
A. countertrade B. foreign outsourcing C. franchising D. direct investment