Answer:
The debit balance for the vehicles account was $20,000, and the credit balance of accumulated depreciation account was $18,000.
- Dr Vehicles account 20,000
- Cr Accumulated Depreciation Vehicles account 18,000
then the van was sold for $2,000
- Dr Cash account 2,000
- Cr vehicles account 2,000
Since the carrying value of the van was $2,000 (= $20,000 - $18,000) and the van was sold for $2,000, Patel had no gain or loss from this transaction.
Answer:
(D) In organizations where employees expect clear directions.
Explanation:
Authoritarianism is coined from the word "authority". Authoritarianism is a system of ruling whereby the leader (Authoritative person or Dictator) gives all orders and doesn't expect to be questioned or argued with.
In organizations where employees expect clear directions, people who are high on authoritarianism will not do well, since they could switch orders indefinitely and expect no one to argue with them.
An authoritative boss could say that members of a department should submit their files to his desk by 3pm and then change his mind an hour to the deadline and send a new instruction that those employees should gather for a meeting (without their files) by 3pm.
Such confusion will impede the smooth running of day-to-day activities in that organization; especially as no one challenges the leader.
Answer: Bullwhip Effect
Explanation:
The Bullwhip Effect occurs as a result of changes in the original information about the demand of a product as the information passes across the supply chain.
In the Bullwhip Effect small changes at the customers end of the supply chain leads to large variation in the manufacturing end of the chain.
