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Which of the Following Is True About Organizational Development

question 3

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Which of the following is true about organizational development?

Apply the concept of retrospective adjustments to financial statements and understand its impacts.
Calculate the effects of changes in depreciation methods on financial statements and tax implications.
Recognize the procedures and impacts of changing inventory accounting methods, specifically from LIFO to FIFO.
Understand the concept of prior period adjustments in the context of accounting errors and changes.

Definitions:

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.

Team Creativity

The process and outcome of generating novel and useful ideas and solutions through the collaborative efforts of a group or team.

Electronic Brainstorming

A group creativity technique using digital tools to generate ideas, where participants contribute their ideas electronically and anonymously to foster innovation.

Upper Echelon Theory

A theory suggesting that an organization's outcomes are influenced by the personal backgrounds and characteristics of its top executives.

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