The implied warranty of merchantability applies to every sale from a ________ to a buyer.
Fill in the blank(s) with the appropriate word(s).
merchant
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Every adjustment involves at least one income statement and one balance sheet account
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Good strategy allows a company to be everything to everyone. 2. Strategic planning is appropriate for large companies, but does not help the performance of small companies. 3. Management of a small company in an industry that is not very competitive should not engage in strategic planning because the small gains in performance may not be worth the effort. 4. Organizations may turn to the strategic-management process after a crisis.
If your speech was to explain the history of an event, you would probably choose to use a ______ sequence.
a. topical b. spatial c. cause and effect d. chronological
Organizations are ________ systems, which means that they are affected by and in turn affect their external environments.
A. output B. closed C. open D. social E. input