Answer:
d. In stable environments, the rate of environmental change is slow, whereas in dynamic environments, the rate of environmental change is fast.
Explanation:
In context of analyzing business environment, there are two forms of rate of change: stable and dynamic.
In stable environment, the rate of change is incremental i.e things change slowly. The movement from the present to the future is not rapid in a stable environment. Management can make a safe prediction in a stable environment because what works today will likely work tomorrow. Example of a business in a stable environment is restaurant or food industry.
In contrast, rate of change in dynamic environment is monumental. Things change fast in dynamic environment. There is no safe prediction that works today will work tomorrow. In a dynamic environment, management has to keep up with this fast change by drafting a flexible strategic plan.
So option D is correct : In stable environments, the rate of environmental change is slow, whereas in dynamic environments, the rate of environmental change is fast
All options are not fundamentally wrong in the context of the difference between a stable and dynamic environment.
When practicing entrepreneurship, starting with means at hand involves analyzing who you are.
<h3>What is entrepreneurship?</h3>
entrepreneurship can be regarded as the term that describes owing a business and been responsible for both the risk and the profit.
Therefore, as an entrepreneur , you must be able to analyze who you are, so as to know your strength.
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Answer:
2. True
Bank charges are the various fees account holders are charged in respect of maintenance of the account along with any other charges incurred in respect of specific transactions (e.g. cheque clearance charges, fund transfer charges, collection charges, etc). Bank charges are charged directly to the customer account thereby reducing the bank balance shown in the bank statement. These charges are usually not recorded by the business until the bank provides the bank statement at the end of a month which is why balance as per bank statement may be lower than the cash book balance.
She would have to pay back for the more expensive interest than the less expensive interest which will be calculated in the form of simple interest and compound interest .
Simple interest
10000 x .07 = 700
700 x 5 = 3500
total 13500
Compund interest
10000(1.06)^5 = 13382.26
13500 - 13382.26 = 117.74
118 rounded
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If Power industries has acquired a patent for $16,000. its useful life is expected to be four years. The yearly journal entry to recognize periodic amortization is: Debit Amortization Expense - Patents $4,000; Credit Patents $4,000.
<h3>Journal entry </h3>
If the company has acquired a patent for the amount of $16,000 in which the useful life is expected to be four years. The appropriate journal entry to recognize periodic amortization is:
Power industries journal entry
Debit Amortization Expense - Patents $4,000
Credit Patents $4,000
($16,000/4 years)
(To record periodic amortization recognized)
Therefore the yearly journal entry to recognize periodic amortization is: Debit Amortization Expense - Patents $4,000; Credit Patents $4,000.
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