What Has Been Shown to Permit Quick Response to Change

question 54

Multiple Choice

What has been shown to permit quick response to change, prevent panic in crisis situations, and make managers more adaptable?

• A) Auditing
• B) Implementing a Balanced Scorecard
• C) Contingency planning
• D) Taking corrective actions
• E) Measuring performance

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Definitions:

Carrying Amount

The net value of an asset or liability according to a company's balance sheet.

Supplies Used

Expenses related to consumable items used in the operation of a business.

Supplies Account

An account used to track the cost of supplies not immediately consumed by the business, often classified as a current asset.

Insurance Expense

Costs incurred by a business or individual for purchasing insurance coverage, considered an operating expense in accounting.