When Individuals Who Will Be Affected by the Impending Change

question 42

Short Answer

When individuals who will be affected by the impending change must be led to recognize why the change is necessary the organization is ____________________.

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Definitions:

GAAP

Generally Accepted Accounting Principles, a set of rules and standards used in financial reporting and accounting.

Conceptual Framework

An analytical structure used to make the complex interrelationships among financial concepts, objectives, and standards more understandable and coherent.

Accounting Elements

Fundamental categories in financial accounting that include assets, liabilities, equity, revenue, and expenses.

Financial Reports

Documents that provide an overview of the financial condition of an organization, including income statements, balance sheets, and cash flow statements.