1. Which form of business organization combines the advantages of a partnership and a C corporation? a. Subchapter S corporation b. Limited partnership c. General partnership d. Sole proprietorship
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- 3. Which of the following must be included in an organization’s statement of accounting profits for the statement to be of use?a. the estimated amount the organization could have earned pursuing other optionsb. the extent to which technological improvements increased productivityc. the percentages planned for reinvestment or distribution to investorsd. the period in which the profit was earned, such as a year or a quarterChoose the three characteristics that best describe a sole proprietorship O A unlimited liability B. owners are called shareholders C. most common form of business in the US D. easiest to start E. two or more people F unlimited lifetimeIdentify the term being referred to: Individuals who extend finances to startups for a share in the business *
- What is Walgreens VRIO Framework?2. Explain and compare Scientific Management and organizational behavior theory.The model of competitive markets relies on the following four core assumptions: 1. There must be many buyers and sellers, none of which is large in relation to total sales or purchases. In other words, a few players can't dominate the market. 2. Each firm produces and sells a homogeneous product that is indistinguishable from all other firms' products in a given industry. That is, buyers must regard all sellers' products as equivalent, or identical. 3. Buyers and sellers have all relevant information about prices, product quality, sources of supply, etc. 4. Firms have free entry into and exit from the industry. New firms can enter the market easily, and existing firms can exit the market easily. There are no barriers to entry or exit. The first three assumptions imply that all consumers and firms are price takers. The final assumption is not necessary for price-taking behavior, but guarantees that a market remains competitive in the long run.
- Study Questions 1. Identify the major disadvantage of a sole proprietorship or a partnership. 2. How does a corporation differ from a partnership? 3. What conflicts exist when a MCO provides bonuses to physicians for providing fewer tests?please explain and provide cowhat are some of linda hipps strenghths as an entrepreneur ? does she have any apparent weaknesses ?
- What are user-led innovation and lead user methods? How do these two approaches impact the innovation process inside organizations? Provide examples to explain the concepts.1) Discuss the impact of the 3 monotheistic religions, Christianity, Islam and Judaism, on ethics today. (Subject : Leadership and Ethics) 2) Discuss what you have learned about the Capital Structure of a firm. Be sure to include characteristics of both sources of capital. (Subject : International Trade Finance)Novartis's Prescription for Invoice ProcessingWhat do you do when you have more than 600 business units operating through 360independent affiliates in 140 countries around the world-processing complex invoices in variouslanguages and currencies? You seek out the best technology solution to make the job easier.At global pharmaceutical giant Novartis, the IT department is a strategic resource, a communityof 2,000 people serving 63,000 customers in 200 locations and 25 data centers. Because most ofthe company's invoices come from international suppliers, they have differences in design,language, taxes, and currency. Consequently, many ended up as "query items" requiring manualresolution by Novartis accounting staff-which delayed payments and made those invoicesextremely costly to process. In fact, finance personnel spent so much of their time resolvingqueried invoices that other work suffered. A solution was badly needed.To maximize its investment, Novartis needed a flexible solution that…