Answer:
The Contingency theory is the idea that the organizational structures and control systems that are chosen by managers depend on characteristics of the external environment in which the organization operates.
Explanation:
The contingency theory manifest that each and every single organisation is different, it operates and works in different situations, environment and scenarios, every organisation has different set of rules, values and culture, every organisation has different kinds of product portfolios, therefore, it needs different set of management style, organisational structure and control system. For example, the basic logic of contingency theory is that the strategies which worked very well for the Coke may not work well for Pepsi, Pizza Hut cant follow the exact strategies, control systems and organisational structure which is being followed by Domino's, therefore, each and every organisational rules, strategies are contextual.
Answer:
D. lower per unit cost of items produced on the line.
Explanation:
"The primary benefit of assembly lines is that they allow workers and machines to specialize at performing specific tasks, which can increase productivity. Large-scale assembly lines can allow for mass production of goods that would not be possible if products were made from start to finish by a single worker. The high productivity of mass production can also result in lower cost per unit produced than other manufacturing methods."
Reference: Hamel, Gregory. “Pros & Cons of Manufacturing Products With Assembly Lines.” Small Business - Chron.com, Chron.com, 21 Nov. 2017
Answer:
B. Cash 10,000 Sales 10,000 Cost of Merchandise Sold 7,590 7,590 Merchandise Inventory
Explanation:
The journal entry is shown below:
cash $10,000
To sales $10,000
(being cash receipts is recorded)
Here cash is debited as it increased the assets and credited the sales as it also increased the revenue
cost of merchandize sold $7,590
To merchandize inventory $7,590
(being cost of merchandise sold is recorded)
Here cost is debited as it increased the expense and credited the merchanidse inventory as it decreased the inventory
Answer:
D. Loans are the largest assets and deposits are the largest liabilities
Explanation:
Banks represent financial institutions wherein customers can either save their money or borrow money. Banks ideally serve as an intermediary between borrowers and lenders.
Banks avail funds from the lenders who want to deposit and keep their money safe. Such depositors are paid an interest on the money deposited. Out of the pool of funds created through such deposits, a bank lends these funds to the borrowers who are in need at a rate higher than the rate it provides to it's depositors.
Thus, the money granted as loan to the borrowers by a bank represent it's largest assets, which it will receive in future. While deposits, which the bank has to return to the depositors upon demand, represent a bank's largest liabilities which it must meet.
Answer:
b
Explanation:
An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.
Oligopolies are characterised by:
- Firms that set the market price for their products
- profit maximisation
- high barriers to entry or exit of firms
- downward sloping demand curve
87 octane gas in Durham is the same in each of the five stations, so the product is undifferentiated
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
A monopolistic competition is when there are many firms selling differentiated products in an industry.
A monopoly is when there is only one firm operating in an industry.
An example of a monopoly is a utility company
