When comparing a retail business to a service business, the financial statement that changes the most is the
A) Balance Sheet
B) Income Statement
C) Statement of Owner's Equity
D) Statement of Cash Flow
B
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Most business enterprises in the United States are
a. government units. b. partnerships. c. sole proprietorships. d. corporations.
Attitudes are ______.
A. simple/straightforward B. impossible to measure C. complex D. unimportant in organizational life
In some cases, changing one thing in an organization, such as the compensation system, may affect other unintended areas. Why is this?
a. Organizations are highly dynamic and interactive, and will change often in unexpected ways b. Compensation affects employees, which determines the organization’s entire performance c. Change often fails, and this is a symptom of poorly executed change d. Unintended consequences are often logical, but the change leader just hadn’t thought or planned for them
Explain how the Six Sigma process of define, measure, analyze, improve, and control (DMAIC) works. Provide at least two examples of companies that have adopted Six Sigma.
What will be an ideal response?