Discuss the two theoretical approaches used to study the use of power in groups or subunits
What will be an ideal response?
The resource-dependency model suggests that subunits gain power by controlling resources valuable to other subunits. It is power based on asymmetry. The strategic contingencies model says subunits have power because the subunit controls the activities of other subunits by reducing uncertainty, being central to the organization, or performing non-substitutable and indispensable functions.
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Treasury stock is a company's own stock that has been reacquired and retired
a. true b. false
The following are the current month's balances for Toys Galore, Inc. before preparing the trial balance
Accounts Payable $7,000 Revenue 6,000 Cash 2,000 Expenses 14,500 Furniture 11,000 Accounts Receivable 10,000 Common Stock ? Notes Payable 6,500 What amount should be shown for Common Stock on the trial balance? A) $39,000 B) $18,000 C) $13,500 D) $23,000