The scientists, nurses, and doctors who work for Medical Technology, an organization that researches the cure for several diseases, work together for a common goal of ending these illnesses. Medical Technology provides an example of
A. diversity.
B. contingency design.
C. differentiation.
D. integration.
E. autocratic structure.
D. integration.
Integration is the tendency of the parts of an organization to draw together to achieve a common purpose. In a highly integrated organization, the specialists work together to achieve a common goal. One of the means for achieving this is the use of cross-functional teams.
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Precautionary savings is
A. forced savings, which occurs when the government implicitly saves for people through the Social Security system. B. additional savings people make in order to profit from the high returns to the stock market. C. savings made by the poor. D. the extra amount of savings a household maintains because of uncertainty about its future income.
Security Inc manufactures equipment that is sold or leased. On December 31 . 2014, Security leased equipment to Quirky for a five-year period expiring December 31 . 2019, at which date ownership of the leased asset will be transferred to Quirky. Equal $40,000 payments under the lease are due on December 31 of each year. The first payment was made on December 31 . 2014 . Collectibility of the
remaining lease payments is reasonably assured, and Security has no material cost uncertainties. The normal sales price of the equipment is $144,000 and cost is $110,000 . For the year ended December 31 . 2014, how much income should Security recognize from the lease transaction? a. $46,000 b. $40,000 c. $34,000 d. $28,000
An order of relief occurs upon the filing of either a voluntary petition or an unchallenged involuntary petition
Indicate whether the statement is true or false
The proper goal of the financial manager should be to maximize the firm's expected profit, because this will add the most wealth to each of the individual shareholders (owners) of the firm.
Answer the following statement true (T) or false (F)