________________ focuses on risk-taking, radical thinking, and experimentation.
a. People innovation
b. Exploratory innovation
c. Exploitative innovation
d. Process innovation
b. Exploratory innovation
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Which one of the following statements regarding internal control is true?
a. Companies can design a system of internal control that is foolproof. b. A well-designed internal control system is a luxury that few companies can afford. c. It is easier to implement an effective internal control system in a small company because of the limited number of employees. d. Large companies are able to devote a substantial amount of resources to internal control systems because these companies have the assets to justify the cost.
Which of the following deal with transaction legitimacy?
a. transaction authorization and validation b. access controls c. EDI audit trail d. all of the above
One of the dimensions along which organizational change can be categorized is ______.
a. reactive vs. incremental b. proactive vs. discontinuous c. reactive vs. discontinuous d. incremental vs. discontinuous
David, Ed, and Fred are partners in the DEF partnership. The partnership is being dissolved, having $200,000 in assets and owing $410,000 to creditors. David contributed $100,000 in capital; Ed contributed $50,000 in capital; and Fred contributed $25,000 in capital. Profits are shared equally. Which of the following is correct with regard to the responsibility of each partner?
a. The partners will bear losses equally. b. The partners will bear losses in the proportion of their relative capital contributions. c. If Ed refuses to contribute to covering the loss and he is out of the jurisdiction, David and Fred must contribute the additional amount necessary to pay DEF's liabilities in the relative proportion of their capital contributions. d. Any of these could be true, depending on the partnership agreement.