Discuss the reasons why organizations and managers at all levels are prone to inertia and slow to learn, adapt and change.
What will be an ideal response?
Reasons include: many people have a vested interest in the status quo; there are systematic barriers; there are behavioural barriers; there are political barriers; there are personal time constraints. Leaders must draw on a range of personal skills and organizational mechanisms to move their organizations forward in the face of these barriers.
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Differentiate between operating and strategic decisions. Suggest three examples of each type of decision from the viewpoint of a food processor.
What will be an ideal response?
Jerrel Corporation sells a product for $230 per unit. The product's current sales are 24,000 units and its break-even sales are 17,280 units.The margin of safety as a percentage of sales is closest to:
A. 39% B. 28% C. 72% D. 61%
Truesdell Brewery Company uses the direct method for its statement of cash flow
Assume Accrued Liabilities relate to Operating Expenses. It reports the following information regarding the year ending December 31, 2017: Truesdell Brewery Company Income Statement For the Year Ended December 31, 2017 Sales Revenue $312,000 Cost of Goods Sold 247,000 Operating expenses 32,500 Net Income $32,500 Truesdell Brewery Company Partial Balance Sheet 2017 2016 Accounts Receivable (net) $19,500 $15,600 Merchandise Inventory 23,400 28,600 Accrued Liabilities 1,560 3,900 Accounts Payable (Merchandise Inventory) 15,600 9,100 Assume that there were no sales of long-term assets, no interest revenue, and no expenses other than the expenses shown above. Also, assume that Accounts Payable is for purchases of merchandise inventory only. Prepare the operating activities section of the statement of cash flows. What will be an ideal response
An unconditional order for the payment of money from one person to another is called a(n)
a.) bill of exchange b.) sight draft c.) time draft d.) documentary drafts