Stephanie's Building,which Was Used in Her Business,was Destroyed in a Fire.Stephanie's

question 30

Multiple Choice

Stephanie's building,which was used in her business,was destroyed in a fire.Stephanie's adjusted basis in the building was $175,000,and its FMV was $210,000.Stephanie filed an insurance claim and was reimbursed $200,000.In that same year,Stephanie invested $180,000 of the insurance proceeds in another business building.Assuming the proper election is made to defer gain,Stephanie's basis in the new building will be

• A)$175,000.
• B)$180,000.
• C)$200,000.
• D)$210,000.

Understand the connection between planning and control in the management process.

Identify the benefits of effective planning.

Recognize the difference between strategic, tactical, and operational planning.

Acknowledge the importance of implementation in realizing plans.

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Definitions:

Clarity And Control

Refers to the clear understanding and management of tasks, roles, and expectations within an organization or project to ensure efficiency and achievement of objectives.

Directive Style

A leadership approach characterized by giving clear, explicit instructions and closely supervising tasks, with a focus on task achievement and compliance.

Path-Goal Theory

A leadership theory that suggests a leader's behavior is motivated by the desire to guide their followers on a path to achieve personal and organizational goals.

Leadership

The action of leading a group of people or an organization, often involving making decisions and setting directions.