Which of the Following Suggestions Should Mario Make to the Board

question 2

Multiple Choice

Which of the following suggestions should Mario make to the board to correct the problem that the educators are not aware of the strategic plan?

• A) The top team should develop a statement of strategy and priorities that the team is willing to stand behind.
• B) Involve the top team in all steps in the change process.
• C) Have an honest, fact-based dialogue with lower levels about the new strategy and the barriers to implementing it.
• D) Give the educators opportunities to develop their skills and support them with coaching, training, and targeted recruitment.
• E) The CEO should create a partnership between the top team and lower levels around the development of a compelling business direction, the creation of an enabling organizational context, and the delegation of authority to clearly accountable individuals and teams.

Understand the process and implications of asset impairment, including loss calculations.

Understand the differences, applications, and impacts of various depreciation methods on financial statements.

Learn the accounting treatments for disposal of assets, including calculations of gain or loss.

Grasp the concept and treatment of Modified Accelerated Cost Recovery System (MACRS) for tax purposes.

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Definitions:

Bank Account

A financial account maintained by a bank for a customer, allowing for the deposit and withdrawal of funds and earning of interest.

Annual Withdrawals

The amount of money taken from an account or investment over the course of a year.

Interest

The expense associated with taking out a loan, usually represented as a yearly percent of the total loan value.

Years

A measurement of time equal to 365 days (or 366 days in a leap year), used to denote the duration or age of something.