Use the Following Information to Answer Questions

question 24

Multiple Choice

Use the following information to answer questions
Prague Corp.is authorized to issue 400,000 no par value common shares.Subscribers agree to purchase shares at $15 per share with a 30% down payment.
-Assume that subscribers agree to purchase 50,000 shares and make the required down payment.The journal entry to record receipt of the subscriptions includes a

• A)debit to Common Shares Subscribed for $750,000.
• B)credit to Common Shares Subscribed for $750,000.
• C)credit to Common Shares for $225,000.
• D)credit to Subscriptions Receivable for $525,000.

Understand the relevance and impact of organizational culture on control practices and employee behavior.

Appreciate the role of market control in adjusting organizational practices based on customer feedback and competitive strategies.

Grasp the importance of accurate measurement in the control process to identify performance discrepancies.

Discern the difference between input and output standards in the context of the control process.

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Definitions:

Fridge Apps

Applications designed for smart refrigerators that assist in managing groceries, recipes, and food inventory directly from the fridge's interface.

Discontinuous Innovation

A type of innovation that represents a significant breakthrough or creation of a completely new market, often transforming consumer habits.

Continuous Innovation

The ongoing process of making incremental improvements or updates to products, services, or processes to maintain competitiveness.

Spontaneous Innovation

The process of creating new and inventive ideas or products without a premeditated plan, often resulting from sudden inspiration.