A _________ Is an Example of a Single-Use Plan

question 66

Multiple Choice

A _________ is an example of a single-use plan.

• A) monthly operating budget
• B) performance appraisal process
• C) marketing strategy
• D) sexual harassment policy
• E) standard operating procedure

---

Definitions:

Net Book Value

The value of an asset after accounting for depreciation or amortization, as displayed on a company’s balance sheet.

Fair Market Value

The price that an asset would sell for on the open market between a willing buyer and seller.

Proportionate Consolidation Method

An accounting technique where an investor reports its share of an investee's assets, liabilities, income, and expenses in proportion to its ownership percentage, without consolidating the financial statements.

Consolidated Balance Sheet

A financial statement that aggregates the assets, liabilities, and equity of a parent company and its subsidiaries into one document.