The adaptive cycle portrays businesses as continuously cycling through three kinds of business decisions: entrepreneurial, ______, and administrative.
A. leadership
B. alignment
C. organization
D. production
E. engineering
E. engineering
Miles and Snow introduced the idea of the adaptive cycle, which portrays businesses as continuously cycling through decisions about three kinds of business problems: (1) entrepreneurial (selecting and making adjustments of products and markets), (2) engineering, and (3) administrative (establishing roles, relationships, and organizational processes).
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The use of specialized equipment to substitute manual labor drives up manufacturing costs in
the long term. Indicate whether the statement is true or false
A debit is used to record which of the following:
A. An increase in a revenue account. B. A decrease in an expense account. C. An increase in the common stock account. D. An increase in the dividends account. E. A decrease in an asset account.
The process by which a buyer and seller of a business agree to terms involving inventory, equipment, and price, as a method of becoming a small business owner is known as a/an:
a. acquisition b. buy out c. merger d. succession e. franchise
If A is the total capital of a partnership before the admission of a new partner, B is the total capital of the partnership after the admission of the new partner, C is the amount of the new partner's investment, and D is the amount of capital credited to the new partner, then there is:
A. neither bonus nor goodwill if B > (A + C) and D > C. B. goodwill to the new partner if B > (A + C) and D < C. C. goodwill to the old partners if B = A + C and D > C. D. a bonus to the new partner if B = A + C and D > C.