When You Prepare Minutes of a Meeting, You Should

question 35

Multiple Choice

When you prepare minutes of a meeting, you should

• A) accurately summarize the discussions and decisions made.
• B) ask participants to review a draft before sending the final version to the leader.
• C) write concisely to save space and avoid numerous subheadings.
• D) indicate who made and seconded each motion.
• E) follow parliamentary procedure to give the minority a voice.

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Definitions:

Pre-Tax Salvage

The value of an asset before taxes that can be obtained at the end of its useful life or at the time of its disposal.

Maintenance Cost

refers to the expenses involved in keeping an asset, property, or equipment in its original or functional condition.

Net Cash Flow

The difference between a company's cash inflows and outflows within a specific period.

CCA Pool

Refers to the Canadian Capital Cost Allowance pool, a system used for tax depreciation of property or equipment in Canada, grouping assets with similar depreciation rates.