The first stage in Lewin’s change model is ______, which requires explaining the rationale for change, breaking down the status quo, challenging existing beliefs, and understanding how starting a new path is essential for the company’s survival.
What will be an ideal response?
unfreezing
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The building used in Terry's business was condemned by the city of St. Louis. Terry received a condemnation award of $125,000. He paid $1,200 in lawyer's fees and $800 for an appraisal of the property. Terry's adjusted basis in the building was $60,000. Terry reinvests in similar property costing $110,000, and Terry makes the proper election regarding the property. What is the amount of Terry's recognized gain on the condemnation?
A. $50,000 B. $13,000 C. $15,000 D. $63,000
When processing non-invoiced disbursements, the trigger for either a true voucher process or a non voucher process is a(n) ______________________________
Fill in the blank(s) with correct word
Financial liabilities include all of the following except
a. mortgages payable b. current maturities of long term debt c. accrued taxes d. bonds payable
Which of the following could be described as both an advantage and a disadvantage of incorporation?
a. Continuous existence b. Limited liability c. Double taxation d. Lack of mutual agency