Burke advocates for the use of organizational models in helping to understand the dynamics of action taken in organizational members’ behavior. How are organizational models useful?
What will be an ideal response?
Because actions and behavior cover such a wide variety of data, information, understanding, and knowledge, categorizing this enormous into more manageable chunks through the use of an organizational model helps to transform apparently unrelated elements into useful information. Models help to be more efficient and to be more rational as we make attempts to understand and then change an organization. It must be remembered that organizational model has its limitations. We must confirm that the categories of our model are the primary correct categories, that the components make sense or are widely accepted, and what might be overlooked or missing in the model that we apply.
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Jane owns 100% of the stock of Lacy Corporation. Jane's son, Lee, is employed by Lacy Corporation as a consultant. Which of the following concepts or doctrines is least helpful in determining the tax consequences of any payments Lacy makes to Lee?
A. Arm's-length transaction concept B. Substance-over-form doctrine C. Assignment-of-income doctrine D. Business purpose concept E. Entity concept
Which of the following types of law will likely come into play in a claim that a
government agency has acted in excess of its powers? A) administrative law B) common law C) constitutional law D) criminal law E) both A and C
Match each of the following terms with the appropriate definitions.
A. The uncollectible accounts of credit customers who do not pay what they have promised. B. The party to whom the promissory note is payable. C. Amounts due from customers for credit sales. D. A contra asset account with a balance approximating the amount of accounts receivable expected to be uncollectible. E. A process of classifying accounts receivable by how long it is past its due date for the purpose of estimating the amount of uncollectible accounts. F. The charge a borrower pays for using money borrowed. G. The accounting principle that requires expenses to be reported in the same period as the sales they helped to produce. H. A written promise to pay a specified amount of money, usually with interest, either on demand or at a definite future date I. The party who signs a note and promises to pay it at maturity. J. The expected proceeds from converting an asset into cash.
Mckissic Corporation has two divisions: Domestic and Foreign. Data from the most recent month appear below: Total CompanyDomestic ForeignSales$450,000$119,000 $331,000 Variable expenses 157,240 38,080 119,160 Contribution margin 292,760 80,920 211,840 Traceable fixed expenses 226,000 57,000 169,000 Segment margin 66,760$23,920 $42,840 Common fixed expenses 58,500 Net operating income$8,260 The break-even in sales dollars for the company as a whole is closest to:
A. $394,323 B. $89,418 C. $437,304 D. $347,886