Michael
is creating an atmosphere
in which his department members are so afraid of conflict and so
eager for harmony that their decision making becomes uncritical,
irrational, and dysfunctional. This psychological phenomenon is known
as groupthink.
Answer:
Entries are given below
Explanation:
Cash should be recorded as an asset on the issuance of bonds and bonds should be credited as it is a liability for the company. Interest expense should be debited on a semiannual basis
June 30, 2021 ( issuance of bonds)
DEBIT CREDIT
Cash 1,042,973
Bonds payable 970,000
Premium on bonds payable 72,973
December 31, 2021 ( interest expense)
DEBIT CREDIT
Interest Expense 62,578
(1,042,973 x 12% x 6/12)
Premium on bonds payable 472
Cash 63,050
(970,000 x 13% x 6/12)
June 30, 2022 (interest expense)
DEBIT CREDIT
Interest Expense 62,550
(1,042,973-472) x 12% x 6/12)
Premium on bonds payable 500
Cash 63,050
(970,000 x 13% x 6/12)
Organizations can achieve a competitive advantage by using their resources to "provide greater value for customers than competitors can".
<u>Option: D</u>
<u>Explanation:</u>
For any organization or any business oriented firm their main target should be only consumers or audience, for whom the firm is actually working to provide any kind of goods and services as per their need and demand. Like an ice-cream firm is well aware about the need of flavor and taste its audience need, but also competitors are pressurizing them to lower or higher the product price, thus inspite of concerning what opponent need better to target audience, who is really a source of good and handsome profit.
