Employees in a value chain management organization must be flexible
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Flexibility is the key to job performance in a value chain management system. Employees need to learn to let go of rigid ideas that define their jobs and learn to do whatever adds value to the product.
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The payment of wages was debited to Retained Earnings. This error would cause:
A) the period end assets to be understated. B) the period end liabilities to be understated. C) the period end stockholders' equity to be understated. D) the period's net income to be overstated.
Which of the following is/are true regarding the financing of a charitable organization?
a. may obtain some or all of its financing from donations (contributions) b. does not issue common stock or other forms of shareholders' equity c. does not have retained earnings d. all of the above are true e. none of the above are true