Identify the seven trends that will have the greatest impact on future business.
What will be an ideal response?
The following trends have the potential to change our world, our future and our lives: (1) World's
population will double in the next 40 years, (2) People in developed countries are living longer, (3)
Growth in information industries creates a knowledge-dependent global society, (4) The global economy
is becoming more integrated, (5) The economy and society are dominated by technology, (6) Pace of
technological innovation is increasing, (7) Time is becoming one of the most precious commodities.
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In Activity-based costing, the activity rates that are used to charge costs to each job are based on:
a. the direct labor hours incurred by each activity. b. the number of units produced. c. each activity's consumption of the resources required to sustain it. d. volume related cost drivers.
With respect to the workplace, what does “empowerment” mean?
a. employee belief in the mission of the organization b. giving employees a say in their training c. making employees feel appreciated d. giving employees decision-making authority
In Hong Kong round conference tables are preferred
Indicate whether the statement is true or false.
Fazer Technologies distributed copies of its annual report to it stockholders. This report is which of the following types of reports?
a. Informal b. Analytical c. External d. Internal