Nikki Reflected on Last Year's One Goal That She Established

question 52

Multiple Choice

Nikki reflected on last year's one goal that she established for her department-to achieve $1 million in profit. And she required all staff members to establish this same personal goal-and only this goal-for themselves. Looking back a year later, Nikki realized that her dogged pursuit of a "number" caused her department to fall a year behind in training and new business development. Nikki knows that this focus on one dimension of her business cannot be repeated. For the coming year, she must not establish a ________ goal.

• A) single productivity
• B) creativity
• C) new projects and business
• D) knowledge acquisition
• E) specific and challenging

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Definitions:

Tax Treatment

The specific way tax laws apply to different types of income, expenses, and individuals.

Tax Authority

The governmental body responsible for administering and collecting taxes within a specific jurisdiction.

Circular 230

Regulations promulgated by the U.S. Treasury Department governing practice before the IRS by attorneys, CPAs, and other professionals.

Paid Preparers

Paid Preparers are professionals hired to prepare, calculate, and file tax returns on behalf of individuals or businesses.