Which of the Following Statements Regarding the Final Stage of Planned

question 71

Multiple Choice

Which of the following statements regarding the final stage of planned change is INCORRECT?

• A)Employees should be informed regularly of the results of the change.
• B)Declare victory early in making the change and get into a routine.
• C)Reward those who embraced the change effort.
• D)Change the mindset of people so change becomes a regular part of the corporate culture.

---

Definitions:

Current Year

Refers to the present calendar year or fiscal year in which transactions and events are being recorded or reported.

Bond Premium

The amount by which the market price of a bond exceeds its principal amount or face value.

Effective Interest Rate

The actual return on an investment, taking into account the effect of compounding interest, as opposed to the nominal rate.

Interest Expense

The cost incurred by an entity for borrowing funds; this expense is reported on the income statement.