Change Activities That Are Intentional and Goal Oriented Are Termed

question 149

Multiple Choice

Change activities that are intentional and goal oriented are termed:

• A)first order change
• B)second order change
• C)planned change
• D)change agents

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Definitions:

Adjusting Entry

An accounting entry made to correct, update, or complete financial records at the end of an accounting period.

Net Income

The total amount of profit earned by a company after all expenses and taxes have been deducted from total revenue.

Depreciation Expense

An accounting method used to allocate the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Accrued Expense

An accounting term for expenses that have been incurred but not yet paid, representing a company's obligation to make future payments.