Which of the Following Statements Is TRUE of Change in Value-Adding

question 32

Multiple Choice

Which of the following statements is TRUE of change in value-adding strategies?

• A)Change in value-adding strategies is the easiest element of strategy implementation.
• B)The pace of change in an organization cannot be influenced by management and leadership.
• C)Successful change in the value-adding strategies requires leaders to establish a sense of urgency for change and to clearly articulate the connections between the new ways of doing things and success of the selected strategies.
• D)Change in value-adding strategies is independent of value-adding support strategies.

---

Definitions:

Adjusting Journal Entries

Entries made in account books at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.

Ledger Accounts

Register that contains a record of all financial transactions categorized by account types within an organization's financial statements.

AASB 12/IFRS 12

An accounting standard that requires disclosures of interests in other entities, including subsidiaries, joint arrangements, associates, and unconsolidated structured entities.

Disclosure Requirements

Specific information that must be provided in financial statements or notes to the statements, ensuring transparency and completeness in financial reporting.