Discuss the relationship between global learning and global crisis management
What will be an ideal response?
Global learning is the process of acquiring and learning the skills, knowledge, and organizational behaviors and procedures that have helped companies abroad become major global competitors. Today, global learning is also important to tackle another challenging issue, global crisis management. Extensive global learning allows for more effective responses to the increasing number of crises or disasters that are occurring for natural or man-made causes or because of international terrorism and geopolitical conflicts.
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A company should check inventory quantities before accepting a sales order for all the following reasons except to
A) verify the accuracy of the perpetual inventory records. B) inform the customer about availability and delivery times. C) know which items may need to be back ordered. D) update inventory records to reduce the quantity available by the number of items ordered.
Lorna Smith decided to start her own CPA practice as a professional corporation, Smith CPA PC. Her corporation purchased an office building for $35,000 that her real estate agent said was worth $50,000 in the current market
The corporation recorded the building as a $50,000 asset because Lorna believes that is the real value of the building. Which of the following concepts or principles of accounting is being violated? A) cost principle B) economic entity assumption C) monetary unit assumption D) going concern assumption