Explain why understanding trends and new technologies can help an organization prepare for the future.
What will be an ideal response?
Obtaining a broad view of emerging trends and new technologies as they relate to business can help an
organization anticipate and prepare for the future. Organizations that can most effectively grasp the deep
currents of technological evolution can use their knowledge to protect themselves against sudden and fatal
technological obsolescence.
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José, the sales manager for a software development firm, is working on the problem of increasing sales by using the rational model of decision making. In the first step he identified the problem of his employees needing more training. In the second step he thought of alternative solutions; and in the third step he evaluated alternatives and selected a solution. José needs to _____ in the fourth and final step.
A. do more research to look at types of training B. select a contingency plan C. implement and evaluate the training program chosen D. determine how costly the solution will be E. set up a diversity and synergy training plan to increase the chances of success
Answer the following statements true (T) or false (F)
1.The Heckscher-Ohlin theory suggests that land-abundant nations will export land-intensive goods while labor-abundant nations will export labor-intensive goods. 2.The Heckscher-Ohlin theory contends that over a period of years, a country that initially is an exporter of a product will become an importer of that product. 3.The Heckscher-Ohlin theory emphasizes the role of consumer demand in the creation of comparative advantage. 4.. The factor-endowment theory asserts that specialization and trade tends to encourage an equalization in the relative resource prices of trading partners. 5.According to the factor-endowment theory, international specialization and trade cause a nation's cheap resource to become cheaper and a nation's expensive resource to become more expensive.
Which of the following engagements is sometimes referred to as bookkeeping services?
a. Reviews. b. Special reports. c. Compilations. d. Audits.
Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes?
A) Direct labor B) Salary of a factory supervisor C) Units of production depreciation on factory equipment D) Direct materials