According to Oliver (1990) organizations collaborate for six main reasons: Necessity, Asymmetry, Reciprocity, Efficiency, Stability, and Legitimacy. The reason organizations collaborate to improve organizational performance is __________.
a. Asymmetry
b. Efficiency
c. Necessity
d. Reciprocity
b. Efficiency
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When an auditor selects a sample of items from the vouchers payable register for the last month of the period under audit and traces these items to underlying documents, the auditor is gathering evidence primarily in support of the assertion that:
A. cash disbursements were recorded as incurred obligations. B. incurred obligations were recorded in the correct period. C. recorded obligations were paid. D. recorded obligations were valid.
Acme Global is analyzing whether it needs to prepare for new competition in the industry. It determines that the barriers to enter its market are getting lower. Acme Global is analyzing the ______ in the five forces model.
A. power of buyers B. rivalry among competitors C. potential new entrants D. threat of substitute products and services
The target cost for a job using job costing is calculated as:
A. expected selling price ? direct costs. B. expected selling price ? desired profit. C. expected selling price + desired profit. D. direct costs ? desired profit. E. direct costs + desired profit.
You have decided to endow a Chair in Finance at Whatsamatta University
How much money must you deposit into the endowment account today if the Chair pays $125,000 per year forever (first payment one year from today) and is invested at a rate that pays out 4.50% per year? A) $277,777.78 B) $2,902,777.78 C) $2,777,777.78 D) There is not enough information to answer this question.