Answer:
All of the following are major features of organizations that impact the use of information systems except for;
d. agency costs
Explanation:
An organization is a formal legal entity with internal processes that utilize resources from the environment, and converts them to output. Information technology on the other hand is the use of technology especially computers to retrieve, receive and transfer data. In large organizations, business processes tend to be redundant and complex to execute using human capacity. Information technology can be used in these situations to ensure that the processes are executed in an efficient and timely manner. There are major features of organizations that impact the use of information systems, namely;
1. Business processes
It can be defined as a collection of people and equipment that work together to produce a desired good or service. The nature of the business process determines the type of information system to be used.
2. Environments
Environments includes all the things inside and outside the organization that impacts the company directly or indirectly. Environment as a feature of organization impacts on how information is processed in that organization.
3. Goals
Since information systems exist to assist the organization in many ways, they have to be designed so that they are in line with organizational goals and objectives.
Answer:
$11,500
Explanation:
The elements of the income statements (revenue and expenses) are usually closed to the income summary.
The revenue account is normally a credit balance and would be closed by debiting it and crediting the income summary while the expense which is usually a debit balance is closed by crediting the account and debiting the income summary.
The dividend declared and paid is a part of the retained earnings and is not closed to the income summary.
Hence the balance in the Income Summary account prior to closing net income or loss to the Retained Earnings account
= $18,000 - $6,500
= $11,500
Answer:
C. Maryann should specialize in the activity for which she has a comparative advantage.
Explanation: Being able to produce goods by using fewer resources, at a lower opportunity cost is comparative advantage. Maryann should specialize in the activity where she has this.
Answer:
Option (B) is correct.
Explanation:
Given that,
Dale Company,
Overhead at the rate = 190% of direct labor cost
Accumulated direct material = $27,000
Accumulated direct labor = $15,000
Hence,
Total overhead applied:
= 190% of direct labor cost
= 1.9 × $15,000
= $28,500
Therefore, the total overhead applied to job no. 101 amounted to $28,500.
In an experiment, raising his hand would be the dependent variable.