The ____________________ organization is the one designed by management, and the ____________________ organization is the one that you will never see on an organization chart.

Fill in the blank(s) with the appropriate word(s).


formal, informal

Business

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On January 1, 20xx, Swenson Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $20.00 per share. On February 1, 20xx, Swenson purchased 2,000 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on March 1, 20xx. The journal entry to record the purchase of the

treasury shares on February 1, 20xx, would include a A) credit to Treasury Stock for $48,000. B) debit to Treasury Stock for $48,000. C) debit to a loss account for $6,000 D) credit to a gain account for $6,000.

Business

Which of the following is TRUE regarding the steps to reducing setup times?

A) The first step involves performing as much setup preparation as possible while the process/machine is operating. B) The cycle of steps is repeated until setup time is reduced to under a minute. C) The standardization of both tooling and work procedures is advantageous to setup time reduction. D) Move material closer and improve material handling are done before operator training. E) All of the above are true.

Business

The "M" in the S.M.A.R.T. goals acronym stands for

A. monetary. B. measurable. C. major. D. model. E. methodical.

Business

Documentation reveals how well a system works from both a technical and end-user standpoint

Indicate whether the statement is true or false

Business