One of the three aspects of networks that shape power is tie content. Define the "content" and describe the concept.
What will be an ideal response?
Content refers to the resources that pass along the tie to the other person. Resources can include money, information, emotional support, friendship, and the like. The more the content of the ties builds a strong personal relationship and the more they create trust and respect for each other, the stronger the tie will be.
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Anthony wants to start a restaurant but he knows he has a lot to learn about starting a business. Of the conditions that need to be put in place for the Entrepreneurial Ecosystem, he particularly needs ______.
a. financial resources b. support from government c. entrepreneurship education d. research and development transfer
An ethical firm would strive to select suppliers for the supply chain guided primarily by:
A) purchasing power. B) market criteria and competitive priorities. C) ability to achieve a reciprocal purchasing arrangement. D) gratuities and perks.
An outsider to a group often is able to learn more about norms than is an insider.
Answer the following statement true (T) or false (F)
Lakatos Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product contains the following information concerning direct materials:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials3.7kilos$9.00per kilo$33.30During the year, the company completed the following transactions concerning direct materials:a.Purchased 151,800 kilos of raw material at a price of $9.70 per kilo.b.Used 140,870 kilos of the raw material to produce 38,100 units of work in process.The company calculated the following direct materials
variances for the year:Materials price variance$106,260UMaterials quantity variance$900FAssume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)=Materials Price VarianceMaterials Quantity Variance1/1$1,130,000$59,940$0$81,510$432,900=$0$0a.?????=??b.?????=???Labor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$1,704,350a.?????b.?????When the raw materials used in production are recorded in transaction (b) above, which of the following entries will be made? A. ($900) in the Materials Quantity Variance column B. $900 in the Materials Price Variance column C. $900 in the Materials Quantity Variance column D. ($900) in the Materials Price Variance column