Which of the Following Is NOT a Change in Accounting

question 19

Multiple Choice

Which of the following is NOT a change in accounting principle?

• A) A change from FIFO to LIFO for inventory valuation
• B) A change from eight years to five years in the useful life of a depreciable asset
• C) A change from completed-contracts to percentage-of-completion
• D) A change from double-declining-balance to straight-line depreciation

Identify the differences between corporate culture and organizational culture.

Reflect on the importance of core values in shaping the behavior of organization members.

Understand how strong cultures impact organizational values and performance objectives.

Acknowledge the role of diversity and value-based management in shaping organizational culture.

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Definitions:

Somatic

Relating to or affecting the body, especially as distinct from the mind or emotions.

Motor

Relating to the movement or mechanism of physical actions and coordination in organisms.

Central

Serving as the most important or core part of something.

Efferent

Referring to nerve fibers that carry impulses away from the central nervous system to effectors (such as muscles or glands).