RECAP Instructions: Identification Identify questions below if it pertains to Products
Plan, Management Plan, or Organizational Plan
1. Will you improve the quality of an existing product
2. What customer policies will you adapt?
3. What will be your program of social responsibilarga
4. Find out what type of organisation is most suitable
5. Can your production scheme meet market demand?
6. Do you have a proper scheduling of production
7. Who will be your workers?
8. What human resource development program will you under
9. What will be the duties and responsibilities of each weckt?
10. Are you acquainted with the laws, policies and requirement
your business organization?​

At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?

Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d.select short-term savings instruments to lock in earnings at a current high rates.

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.