When Having to Have a Difficult Conversation with Upper Managers

question 13

Multiple Choice

When having to have a difficult conversation with upper managers, you can increase success by

• A)Framing the issue in familiar language.
• B)Not asking for further budget allocation.
• C)Making sure you have just met your last deadline.
• D)Framing the issue in familiar language and making sure you have just met your last deadline.

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Definitions:

Expenses and Losses

Costs incurred in the operation of a business (expenses) and decreases in value not directly related to operations (losses).

Depreciation

Depreciation is the systematic allocation of the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.

Direct Method

A cash flow statement approach that lists major classes of gross cash receipts and payments.

Revenues and Gains

Income generated from normal business operations and other positive financial events.