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Mademuasel [1]
4 years ago
7

All of these are pitfalls an organization should avoid in strategic planning except:_____________.1. using plans as a standard f

or measuring performance.
2. using strategic planning to gain control over decisions and resources.
3. failing to involve key employees in all phases of planning.
4. too hastily moving from mission development to strategy formulation.5. being so formal in planning that flexibility and creativity are stifled.
Business
1 answer:
Tamiku [17]4 years ago
3 0

Answer:

1. using plans as a standard for measuring performance.

Explanation:

Strategic planning is an important process that enables a business or an organization to have a sense of direction, goal orientation, and also enables them to evaluate and measure progress.

It is important when carrying out the strategic planning process to first focus on clarifying and developing the vision, mission and objectives of the business before moving on to strategy formulation, this helps to give a sense of direction.

In the process of strategic planning, involving key employees cannot be overemphasized. Giving key employees the chance to be involved in the planning process will enable them to connect to the business and set them up for success.

Apart from the fact that strategic planning provides a sense of direction, it also enables a business to outline goals that can be measured, hence providing a standard for measuring performance.

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HomeFront Construction Company built large, single-family homes for 25 years. Then there was a shift toward more demand for smal
IrinaK [193]

Answer:

d. All of these explanations could be relevant.

Explanation:

Change in demand for small luxury condominiums, from large single family homes could be : due to any of these three reasons - changing 'taste & preferences' of people

  • Increase in senior citizen (old parents) , whose children have moved away from home. So, they might feel settling in community apartments better rather than full lonely homes (without children)
  • Urban area aged people tend to have higher income & financial base for purchasing luxury condominiums
6 0
3 years ago
Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transa
MissTica

Solution :

Required :

<u>Items   </u>                                                                             <u>Cash </u>             <u>Net Income</u>

a). Supplies of $133 purchased for cash                      - $ 133                 --

b). Recorded the adjustment entry so as to

    record use the $31 for the above supplies                --                    $ 31

c). Made sales of the $ 1297 on account                        --                    $ 1,297

d). $865 received from customers as payment

   of accounts                                                                  $ 865                 --

e). $ 2,528 purchased the equipment for cash          - $ 2, 528            --

f). Recorded the depreciation of the building

    for the period use of $ 610                                         --                    $ 610

3 0
3 years ago
Which of the following methods of project analysis is defined as computing the value of a project based on the present value of
Anna35 [415]

Answer: discounted cash flow valuation

Explanation:

The discounted cash flow valuation is a method of project analysis that is defined as computing the value of a project based on the present value of the project based on the present value of the project's anticipated cash flows.

Discounted cash flow is used to determine an investment's value based on the future cash flows that the investment will bring.

7 0
3 years ago
TPW, a calendar year taxpayer, sold land with a $535,000 tax basis for $750,000 in February. The purchaser paid $75,000 cash at
statuscvo [17]

Answer:

Explanation:

Amount realized on sale:

Cash                                                                 $75,000

Purchaser’s note 675,000

                                                                                         $750,000

Adjusted basis (535,000)

Gain realized on sale $215,000

b. $215,000 gain realized ÷ $750,000 contract price = 28.67% gross profit percentage.

Cash received in year of sale:

Cash at closing                                             $75,000

August principal payment 33,750

                                                                                       $108,750

Gain recognized   (108750*28.67%) $31,179

A. Book gain                                     $215,000

Tax gain (31,179)

Book/tax difference                                       $183,821

B. $183,821 × 35% = $64,338 deferred tax liability

The excess of book gain over tax gain is a favorable difference.

6 0
4 years ago
Bale Co. incurred $100,000 of acquisition costs related to the purchase of the net assets of Dixon Co. The $100,000 should be: A
Olin [163]

Answer:

D. Expensed as incurred in the current period.

Explanation:

Since in the question it is given that the acquisition cost incurred for $100,000 which is related to the purchase of the net assets

And, the same $100,000 is reported as an expenses incurred for the current period as other cost like professional fees, consulting fees, general administrative cost expenses, etc are recorded when they are incurred

Hence, the last option is correct

4 0
3 years ago
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