Answer the following statement(s) true (T) or false (F)
1. The rational model explains the logic of the action while the organizational behavior model examines the logic of consequences.
2. Some have criticized the rational model for its disregard of a holistic picture of human nature, which includes culture.
3. Judgment and configuring is an element of the focus group process.
4. One criticism of the organizational process model includes the fact that decision makers are prevented from forecasting the future and acting on the basis of a predetermined vision.
1. False
2. True
3. False
4. True
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Briefly highlight the challenges associated with utilitarian thinking.
What will be an ideal response?
______ is often confused with or mistaken for _____.
a. Innovation/invention b. New product development/organizational change c. Change/innovation d. Invention/managerial change
A company using the perpetual inventory system purchased inventory worth $550,000 on account with credit terms of 2/15, n/45. Defective inventory of $70,000 was returned 3 days later, and the accounts were appropriately adjusted
If the company paid the invoice 25 days later, the journal entry to record the payment would be ________. A) $550,000 debit to Accounts Payable and $550,000 credit to Cash B) $480,000 debit to Accounts Payable and $480,000 credit to Cash C) $550,000 debit to Accounts Payable, $540,400 credit to Cash, and $9,600 credit to Merchandise Inventory D) $540,400 debit to Accounts Payable, $9,600 credit to Merchandise Inventory, and $480,000 credit to Cash
People generally have a duty to act as a reasonably prudent person would in similar circumstances
Indicate whether the statement is true or false