Explain how the OD process works. Suppose you were a student member of your college's or university's committee that was attempting to study why an excessive number of students drop out of your college. Give examples of activities your task force might take in each stage of its OD process.
What will be an ideal response?
The three steps in the OD process are diagnosis, intervention, and evaluation. Examples of diagnostic actions might be generating a survey of students or interviewing students who dropped out. Examples of interventions might be changes to the advising process or changing the first-year student orientation. Examples of evaluation would be comparing dropouts from before and after the intervention.
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What is the purpose of a statement of cash flows? Give an example of one of each of the three activities
Which of the following correctly states the period for which the auditor is responsible for subsequent events?
a. The balance sheet date to the date the audit report is issued. b. The balance sheet date to the end of field work. c. The balance sheet date to the date of subsequent discovery of omitted procedures. d. All of the above.
A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:12 units at $1506 unitsFebruary:22 units at $1555 unitsMay:17 units at $1609 unitsSeptember:14 units at $1658 unitsNovember:12 units at $17015 unitsOn December 31, there were 34 units remaining in ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
A. $4528. B. $4773. C. $5310. D. $4114. E. $7280.
When Dudley files his Chapter 7 petition, he lists the following debts:
a. $25,000 in back child support and alimony. b. $15,000 for liabilities incurred after drinking and driving. c. $10,000 for past-due student loans. d. $5,000 for past-due rent to his landlord. e. $550 for a past-due phone bill. How will each of these debts be treated by the bankruptcy court.