STUDENT’S NAME______________Jill Riester____89.97%_______________ CHAPTER 7 QUIZ Indicate whether the following statements are true or false. (3.35 points each). For any false statement‚ indicate why it is false. (3.33 points) __T___ 1. A direct cause-and-effect relationship exists between the revenues and expenses of an Internal Service Fund. _____________________________________________________________________________________ ___F__ 2. Internal Service Funds are used to account for activities
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Chapter 7 1. According to Karl Marx social class depends on a factor of a person’s relationship to the means of production. He distinguished two classes: owner of the means of production (bourgeoisie) and a worker who works on these factories‚ tools and land‚ proletariat. Marx believed that person’s life is shaped only with regard of what he owns and what he works on. Max Weber believed that social class is made up of three elements: property‚ power and prestige. According to Weber‚ property is
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The processing requirements for each product on each of the four machines are shown in the table. | Processing Time (min/unit) | Work Center | A | B | C | D | W | 6 | 1 | 3 | 12 | X | 9 | 10 | 4 | 8 | Y | 4 | 3 | 12 | 9 | Z | 10 | 0 | 7 | 11 | Work centers W‚ X‚ Y‚ and Z are available for 40 hours per week and have no setup time when switching between products. Market demand for each product is 80 units per week. In the questions that follow‚ the traditional method refers to maximizing
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CHAPTER 7 CORPORATIONS: REORGANIZATIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 1 LO 1 IRS Letter Ruling Unchanged 1 2 LO 1 Reorganizations follow tax law Unchanged 2 3 LO 1 Types of reorganizations Unchanged 3 4 LO 2 Comparing like-kind exchange to corporate New reorganization 5 LO 2 Four-column template Unchanged 5 6 LO 1‚ 2‚ 3 Reorganization: tax attributes Unchanged 6 7
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Drucker: Chapter 7 – The Objectives of a Business The emphasis on profit can misdirect a manager and endanger business survival by: Undermining the future Push the easily sold line to the detriment of others Short-change research‚ promotion and other postponable investments Delay capital spend as it could effect the bottom line leading to obsolescence of equipment Management is the balance of a number of business needs and goals this requires judgement. Objectives are needed in every area where
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Unit 7 Chapter 7 Review Questions‚ multiple choice‚ Key terms‚ Acronyms and Define 1. A 2. A ‚ B 3. B ‚ D 4. A 5. A 6. B ‚ D 7. A 8. C 9. C 10. D 11. C 12. A 13. A ‚ D 14. C 15. B ‚ C 16. B ‚ D 17. C 18. B ‚ D 19. A ‚ C 20. B ‚ C Key Terms switched circuit- company in reaction to signaling (the user tapping telephone keys or a modem sending in the same digits)‚ with the telco tearing down the circuit when the user is dedicated circuit- An electrical circuit created by a telco on behalf of a
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Chapter 7 Commerce and Culture Different areas and environments such as highlands‚ steppes‚ farmlands‚ islands‚ mainlands‚ valleys‚ mountains‚ deserts‚ and forests all generate different products Some societies were able to form monopolies on a certain good like silk in China This uneven distribution of goods and resources are what drives trade In the period of 500 to 1500 long distance trade became more important than ever before in linking and shaping distant societies and people Trade was
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Chapter 7- Outline IntroductionA. Mid 9th century losing control1. Rebellious governors2. New challenging dynastiesB. …but still creative – ironically – a golden age without political stability1. architecture2. fine arts3. literature4. philosophy5. mathematics and scienceC. Territorial growth – warriors‚ traders‚ wandering mystics1. political conquest2. peaceful conversionD. Conduit for exchange – between urban/agrarian centers and between nomadic peoples1. ideas2. plants and medicines3. commercial
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EGT1 - Economics and Global Business Applications Course of Study This course supports the assessments for EGT1. The course covers 7 competencies and represents 4 competency units. Introduction Overview You will learn the concepts and tools needed to make optimal decisions such as the following: marginal analysis; supply and demand; competition; anti-trust laws and government regulations; international business environment; international trade; global operations; and cultural sensitivity
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I am reading Counting By 7’s by Holly Goldberg Sloan. In this novel we are introduced to a highly intelligent girl named Willow Chance‚ who lives in Bakersfield with her adoptive parents. She was always considered "gifted" from the beginning. She is about to start in a new school and hopes to make friends and "fit in". Willow takes her Standardized Test but is accused of cheating because she completed the test in only 17 minutes. She then gets sent to a counselor‚ Dell Duke‚ who has problems of his
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