Please define the terms "report" and "proposal." What is the key timing difference of when a report versus a proposal is written?
What will be an ideal response?
A report is a written document designed to communicate information about a particular subject. Reports are written objectively, though some can include analysis or recommendations.
A proposal is similar to a report but is intended to persuade and inform. A proposal provides information about a product, service, or idea and tries to convince the reader to adopt the recommended solution.
A key difference between reports and proposals is when they are written. A proposal is normally developed early in the decision-making process when it can influence decisions. A report is usually written after some action has been taken.
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GASB requires a reconciliation from proprietary fund financial statements to the government-wide statements business-activities columns from modified accrual accounting to accrual accounting.
Answer the following statement true (T) or false (F)
When preparing a flexible budget for factory overhead costs, what will occur to fixed costs (on a per-unit basis) as production increases?
a. Fixed costs per unit will increase. b. Fixed costs are not considered in flexible budgeting. c. Fixed costs per unit will decrease. d. Fixed costs per unit will remain unchanged.
The final result of the job analysis-job description-job evaluation process is a job structure, a hierarchy of work.
Answer the following statement true (T) or false (F)
Killian decides that he needs a few days away from it all to think out his ideas. He takes up an offer from a friend to spend a few days in his mountain cabin. During this time, Killian imagines what his business will look like in 3 years. He pictures his customers using his product and coming into his facility. Killian is engaging in a practice called:
a. Strategic Planning b. Vivid Vision c. Detailing d. Business Model Canvas