As the CEO of a Company That Develops Educational Computer

question 175

Essay

As the CEO of a company that develops educational computer software applications should your firm be structured mechanistically, organically? or centralized or decentralized? Explain your answer.

Understand the ethical considerations related to accounting practices and policies.

Recognize the purpose and structure of owners’ equity within a corporation and its significance in financial statements.

Understand the fundamental concepts of accrual accounting, including the difference between accrual and cash basis accounting.

Grasp the purpose and necessity of adjusting entries in the accounting cycle.

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Definitions:

Marginal Revenue

The additional income generated from selling one more unit of a good or service.

Marginal Product

The additional output resulting from the use of one more unit of a variable input, holding other inputs constant.

Optimal Employment

The level of employment where the productivity is maximized in relation to the number of employed workers.

Marginal Product

The extra output that is produced by using one more unit of a factor of production, like labor or capital, holding other factors constant.