I believe the answer would be Trade Routes, however take that with a grain of salt because it may be wrong.
Answer: b. select appropriate corporate-level strategies
Explanation:
Prior to setting pricing options for its products to maximize profit, a company must select appropriate corporate-level strategies.
This is necessary in order to ensure that the strategies aligns with what the organization is willing to do in order to achieve its profit maximization goal.
Answer:
net income for 20x2 is $220,000
Explanation:
if the company changes to the FIFO method, the adjusting entry should be:
Dr Inventory 15,000
Cr Cost of goods sold 15,000
This means that COGS will decrease by $15,000.
20x2 income statement
Sales $1,200,000
Cost of goods sold <u>($705,000)</u>
Gross profit $495,000
S&A expenses <u>($275,000)</u>
Net income $220,000
Answer:
d) Norms
Explanation:
A norm is an informal guideline that dictates expectations in an organization. They inform members what is considered correct or incorrect in that specific business. Norms express the collective expectations that members of an organization have from each other. Not all companies will have their norms written.
In many organizations, norms are essential aspects of the organizational culture. They dictate how things are done in that company. Norms help new members adapt to the organization smoothly. They explain relationships between employees and fellow employees, employees and jobs, and employees and superiors.
