Which of La Piana’s three levels of strategies is addressed first?

A. operational
B. programmatic
C. retrenchment
D. organizational


D. organizational

Business

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Martha is a 40 percent partner in the MMM Partnership, with an outside basis of $50,000. MMM distributes $40,000 cash and accrual-basis accounts receivable with a basis and fair market value of $20,000. Martha does not recognize gain or loss on the distribution and takes a basis in the cash of $40,000 and a basis in the receivables of $10,000.

Answer the following statement true (T) or false (F)

Business

What was an underlying assumption of Hofstede’s methodology of studying employees who work for the same organization?

*a. He assumed that since they shared a common organizational culture any differences would be a result of national cultural differences. b. He assumed this would make it easier and faster to do the study. c. He assumed organizations largely operate the same so there was no need to look at organizational differences. d. He assumed that it was large enough to be statistically representative of the global workforce.

Business

If the historical cost of inventory is less than its current replacement cost, the business must write down the inventory cost

Indicate whether the statement is true or false

Business

Which of the following statements best describes the balance in a revenue account at the beginning of an accounting period?

A. Higher than the previous period's beginning balance B. Equal to the amount of retained earnings for the previous period C. Zero D. Last period's ending balance

Business