Which of the Following Statements Regarding Change Is INCORRECT

question 84

Multiple Choice

Which of the following statements regarding change is INCORRECT?

• A)Organizational change is the movement of an organization from one state of affairs to another.
• B)Organizational change takes on limited forms.
• C)Organizational change,at its most basic,involves effective people management.
• D)Organizational change can be forced or planned.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since its acquisition.

Trade-In Allowance

The amount credited to the buyer by the seller when a buyer trades in an old item towards the purchase of a new item.

Accumulated Depreciation

The cumulative depreciation expense recorded for an asset from the time it was operational, thereby lowering its recorded value in the balance sheet.

Commercial Substance

A concept in accounting that refers to a transaction significantly altering the cash flows of an entity, necessitating its recognition in financial statements.