In the given situation, the systems property illustrated is called equifinality. The case says that there three people were fired at ABC Corporation. Eugene was fired because he was incompetent. Rita was fired because she was unethical. Kayla was fired because of economic conditions. Equifinality in business implies that firms may establish similar competitive advantages based on substantially different competencies. The concept is that there are many paths to the same end. The idea states that there are multiple ways to reach a final goal. In open systems, equifinality states that in open systems a given end state can be reached by many potential means.
Answer:
Net income = $688
Explanation:
If Nu elects FIFO, we have:
Cost of good sold = Cost of goods available for sale - Ending inventories = 2,490 - 1,260 = $1,230
Gross profit = Net sales - Cost of good sold = 2,870 - 1,230 = $1,640
Net operating income = Gross profit - Operating expenses = 1,640 - 780 = $860
Tax = $860 × 20% = $172
Net income = $860 - $172 = $688
<span>Rackham's study found that during pre-negotiation planning, superior negotiators none of the above. Rackham's study focused on negotiation and planning for them. He focused on different types of communication for </span>negotiation and how it was able to change the outcome. Rackham found that in face-to-face negotiations, it was harder for counterproposals and easier to make a clear deal.
It is to provide your clients a visual demonstration of their current financial situation, the raw numbers on where they are today, and what it would take for them to reach their goals and dreams.