In which of the following cases would clan control be the most appropriate approach to organizational control?
A) Each member of the sales team has well-defined weekly and monthly targets and is responsible for achieving them.
B) The members of the sales team at ABS work independently, and require minimal coordination with each other.
C) Members of the product development team at DSE do not have assigned roles and work closely together on all projects.
D) B&S emphasizes single-point accountability for all mistakes in the product and monitors employees at all times.
E) The management system at ABS is strictly hierarchical, with each employee reporting daily to a supervisor.
C
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The primary reason large U.S. companies send U.S. jobs abroad is because labor costs are higher in the United States. Such companies are said to be engaging in _____
a. employee export b. outsourcing c. inshoring d. joint ventures
Madison Company earned net income of $75,000 during the year ended December 31, 2016
On December 20, Madison declared the annual cash dividend on its 8% preferred stock (par value, $150,000 ) and a $0.50 per share cash dividend on its common stock (45,000 shares). Madison then paid the dividends on January 10, 2017. Prepare the journal entries to record the declaration and the distribution of the dividends. Explanations are not required. What will be an ideal response