Answer:
d) Competition
Explanation:
According to Rajasekar, J. (2014). <em>Factors affecting effective strategy implementation in a service industry</em> Strategic management process key factors are the role of leadership, the role of culture and the role of organizational structure in strategy implimentation.
On the other hand, "the absence of real competition is either not aware of the need to formulate a strategy and implement it (clarity of strategy) or believe there is no need to do so due to the business structure" (p.177)
Reference: Rajasekar, J. (2014). Factors affecting effective strategy implementation in a service industry: A study of electricity distribution companies in the Sultanate of Oman. International Journal of Business and Social Science, 5(9).
Answer:
The answer is D. Accounted for in current and future periods.
Explanation:
A change in accounting estimate is an adjustment of the carrying value of an asset or liability arising from reassessing the expected future economic benefits and obligations associated with that asset or liability.
Changes in accounting estimates must be shown in the accounting period in which the estimates are revised and periods after i.e accounted for prospectively. Example is a change in useful life and salvage value of a fixed asset
Answer:
Incremental income for Sale as scrap is $36,400 and Rework is $46,200
Explanation:
Sale as scrap Rework
Sales of reworked units (13000*8.2) $106,000
Sales of scrap units (13000*2.8) $36,400
Cost to rework units (13000*4.6) ($59,800)
Opportunity cost of not making new units
Incremental income (loss) $36,400 $46,200
Answer:
II: Insurance marketing systems include; General Agencies, Branch offices managed by employees of the company, and Personal; Producing General Agents (PPGA's).
Explanation:
Every insurance company has branch offices that operate on different regional levels that are managed and operated by employees.
General agencies are responsible for receiving insurance applications and negotiating and negotiating contracts on behalf of the insurance company.
Producing general agents (PPGA's) is a type of insurance agent that usually provides services to more than one insurance company and whose main duty is to sell as many policies as they can.
