Strategic planning is most effective when managers view it as an annual exercise.
Answer the following statement true (T) or false (F)
False
Strategic planning requires creativity and an ongoing commitment, not just going through the motions once a year.
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Which of the following is not a way that the disclosure and reporting requirements for interim financial statements differ from those for annual financial statements?
a. Accruals for estimates of bad debt are not usually as precise on interim dates as they are at year end. b. Information disclosed in the latest annual statements does not have to be repeated in the interim statements except for continuing contingencies and other uncertainties. c. Accruals for estimates of income tax expenses are not usually as precise on interim dates as they are at year end. d. The interim information does not have to be filed with the SEC for public companies.
In a trend analysis, an index number of 139 for 20xx sales indicates that
a. sales for 20xx were 139 percent higher than sales for the same company in the base year. b. sales for 20xx for this company were 139 percent of the sales figure of another company being used in the comparison. c. sales for 20xx were 139 percent of the sales for the same company in the base year. d. actual sales for 20xx exceeded budgeted sales for 20xx by 39 percent.
Which of the following is an example of revenue?
A. Cash received from the sale of land for its original selling price B. Cash received from investors from the sale of common stock C. Cash received from customers at the time services were provided D. Cash received as a result of a bank loan
A limited liability limited partnership is a ________ in the state in which it is organized
A) sole proprietorship B) limited liability corporation C) domestic LLLP D) general partnership