If Actual Business Use of an Automobile Is Less Than

question 37

True/False

If actual business use of an automobile is less than 100 percent, the annual automobile depreciation limitations must be reduced to reflect the actual business use only.

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Definitions:

New Markets

Refers to untapped or emerging sectors or geographic areas where a business can expand its operations or sales.

Reactive Change

Change that occurs after external forces have already affected performance

Reengineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance, such as cost, quality, service, and speed.

Six Sigma

A set of principles and practices whose core ideas include understanding customer needs, doing things right the first time, and striving for continuous improvement.