Two Major Factors Will Drive Changes in How to Manage

question 40

Multiple Choice

Two major factors will drive changes in how to manage successful firms in future:

• A)The need to deploy more capabilities and to respond to external change more quickly and effectively
• B)The need to outsource, and concentrate on one core capability
• C)The need to globalise and be prepared to relocate operations to low cost countries
• D)The need to innovate, and downsize to just a few key employees

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Definitions:

Cash Payments

Disbursements of money to fulfill liabilities or acquire goods and services.

Cash Receipts

The collection of money, including coins, notes, checks, and electronic transfers, received by a business.

Journalizing

The act of recording financial transactions in a company's journal, detailing the accounts that are affected and in which direction.

Posting Process

The act of recording financial transactions in the appropriate accounts within the general ledger.