Which of the following purposes of contracting is rationale for a practitioner to conduct an initial set of diagnostic activities as a starting point?
a. To further explore the problem
b. To clarify the client’s goals and objectives for the request
c. To allow the client to get to know the consultant, the consultant to get to know the client and the organization, and for both parties to validate that the project is one that the consultant has the knowledge and skills to accept
d. To understand the organization’s committment to change
a. To further explore the problem
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If the combined market value of trading securities at the end of the year is less than the market value of the same portfolio of trading securities at the beginning of the year, the difference should be accounted for by
a. a credit to Investment in Trading Securities. b. reporting an unrealized loss in security investments in the stockholders' equity section of the balance sheet. c. a footnote to the financial statements. d. reporting an unrealized loss in security investments in the income statement.
The LLC is a relatively new form of business entity
Indicate whether the statement is true or false
Which of the following statements about types of business entities is true?
A. One advantage of the corporation form is the ability to raise capital. B. Ownership in a partnership is represented by having shares of capital stock. C. Sole proprietorships are subject to double taxation. D. For accounting purposes, a sole proprietorship is not a separate entity from its owner.
Which of the following people described below has a high degree of reasoning ability?
A. Barry is a judge who uses laws and rules to guide him in making decisions. B. Wanda is an accountant who can make mathematical calculations rapidly. C. Roe is a backhoe operator who can shave a thin layer of dirt that is perfectly level. D. Drake is a language arts teacher who writes very descriptive poetry with vivid imagery. E. Steve is a carpenter who can imagine what a room will look like before he builds it.