Answer:
The answer is B: At the midpoint of the project, members realize that their behavior pattern must change in order to complete the project on time.
Explanation:
Punctuated equilibrium is a concept in both biology and business where long periods of relative stability are often followed by growth spurts.
The punctuated-equilibrium model argues that groups usually move forward during bursts of change after going for long periods without change.
In the answer B, this concept is captured as group members of a project realise somewhere at the midpoint, that their behavior pattern must change in order to complete the project on time.
This shows that a period of relative stability was observed and then a short period of growth will be observed during the project lifecycle. This agrees with the development pattern known as punctuated equilibrium.
Answer: single use plan
Explanation: In simple words,single use plan refers to the plan that is made for achieving a goal that will not repeat in future.
A program plan refers to the plan that an organisation makes with an objective of outlining the activities and events that the employees have to follow for achieving organisational goals.
Hence, from the above we can conclude that a program is a single use plan as it outlines activities for a specific project that needs to be performed.
Answer:
The correct answer is True.
Explanation:
Product differentiation is a competitive strategy that aims to make the consumer perceive the good or service offered by a company differently from those of the competition.
The cost leadership strategy is to find and maintain a low cost position compared to the competition, this will allow the company to obtain higher returns than the industry average.
There is a relationship between the cost leadership strategy and the possession of a high market share, this is because having a high market share allows the appearance of economies of scale and economies of experience, both contribute to reducing unit costs.
Answer:
When prices drop people usually go buy it even if it is a little drop.
Explanation:
They go because of a phycological difference in price.
Answer:
1. Debit Interest Expense $7,000; debit Notes Payable $7,238; credit Cash $14,238.
Explanation:
The journal entry is shown below:
Note payable A/c Dr $7,238
Interest expense A/c Dr $7,000
To Cash A/c $14,238
(Being the first payment on the note is recorded)
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest
= $100,000 × 7%
= $7,000
And, the remaining balance left is reported in the note payable account
