Country X emphasizes individual performance and achievements in every sphere of society. Which of the following statements is true about the society of this type of country?
The country has a high degree of dynamism and innovation.
There is a low degree of entrepreneurial activity in the country.
The country has a low degree of managerial mobility.
The employees in this country tend to loyal to a company.
Answer: The country has a high degree of dynamism and innovation.
Explanation:
When the country X gives importance to individual performance, the country would have high degree of dynamism and innovation due to people’s desire of getting rewarded. As a result the entrepreneurial activity would be high and the managerial mobility also increases which leads to lack of the company specific experience, knowledge and network of contact among the mangers. The employees do not tend to loyal to a company in such a society due to their focus on individual performance than group.
Country X emphasizes individual performance and achievements in every sphere of society. Which of the following...
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Novak Corporation sells coffee beans, which are sensitive to
price fluctuations. The following inventory information is
available for this product at December 31, 2018:
Coffee
Bean
Units
Unit Cost
Net Realizable
Value
Coffea arabica
11,700 bags
$5.60
$5.55
Coffea robusta
5,700 bags
3.40
3.50
Inventory at the lower of cost and net realizable value
$
84315
Prepare any journal entry required to record the LCNRV,
assuming that Novak uses a perpetual inventory system. (Round
answer to the nearest whole dollar,...