Which Three Steps Does the Deficiency Approach Follow

question 8

Multiple Choice

Which three steps does the deficiency approach follow?

• A) Observe the situation, make a judgment, and follow through.
• B) Diagnose the problem, intervene to solve the problem, prescribe medication to alleviate the symptoms.
• C) Intervene when there is a problem, diagnose the problem, and prescribe medication to alleviate the symptoms.

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Definitions:

Depreciation Expense

A financial accounting method used to allocate the cost of a tangible asset over its useful life.

Double-Declining-Balance

An accelerated method of depreciation that doubles the rate at which an asset's book value declines compared to the straight-line method.

Salvage Value

The calculated resale worth of an asset at the close of its efficient lifespan.

Depreciation

The allocation process of a tangible asset's cost over the period it is useful.