Answers

KM

Answered

If the adjustment for depreciation for the year is inadvertently omitted, the assets on the balance sheet at the end of the period will be understated.

On Jul 21, 2024


False
KM

Answered

Google smart glasses are voice-controlled devices/computers equipped with GPS and motion sensors that interact with the Internet. A supply chain professional could use the built-in camera on the glasses to stream images to Google computers or to receive information in response to specific queries. This is an example of which major trend in digitization?

A) Artificial intelligence
B) Cloud computing
C) Augmented reality
D) Additive manufacturing

On Jul 19, 2024


C
KM

Answered

Is there a universal social class concept?

On Jun 21, 2024


Yes, every culture seems to have its social hierarchies, but variations exist in terms of how explicitly these distinctions are observed, and what specific markers of success are valued within a culture.
- In chickens, each hen has a position in which she is submissive to all of the hens above her and dominates all of the ones below her. The dominant hen gets to eat first. (Hence the origin of the term "pecking order.")
- Humans, too, are ranked in terms of their relative standing in society. The "good life" to which they have access, according to their resources, includes education, housing, and consumer goods. People try to improve their lot and move up in the social order whenever possible. This desire to move up, and to let others know that one has done it, is at the core of many marketing strategies.
However, students could also answer that there is universally a concept of social class, but that the way it emerges differs across cultures. Different examples could be drawn from the textbook to make this point.
KM

Answered

Distributed leadership sees leadership as a group phenomenon that is distributed among individuals.

On Jun 19, 2024


Distributed leadership
KM

Answered

Refer to Scenario 6-2. Suppose the government sets a price ceiling at $12 for this product. Is this price ceiling binding, and what will be the size of the shortage/surplus in this market?

On May 22, 2024


The price ceiling will be binding, and there will be a shortage of 24 units.
KM

Answered

Which of the following is one of the Five Fundamental Questions?

A) Which products should be subsidized?
B) How will the goods and services be produced?
C) How much should society save?
D) Which products should be taxed?

On May 20, 2024


B