Answer: The correct option is “ have a centralized planning department”
Explanation: A corporate plan involves setting out the actions required and also determine the resources available in other to deliver the required aims and objectives. However, your corporate plan is an important document that will continue to help monitor finances, liabilities, identify opportunities and control your internal systems and structures. Furthermore, corporate plan involves creating a long term plan with the aim of achieving the organizational stated goals and objectives.
Answer:
A) True
Explanation:
An individual retirement account (IRA) can be regarded as tax-advantaged account which is been used by individuals in saving as well as investing for retirement. individual retirement arrangements is a term that is been used by Internal Revenue Service (IRS) to describe individual retirement accounts as well as annuities which is been used as
personal savings plans having a
tax advantages that can help to save money as regards retirement.
It should be noted that Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation.
National security is the security and defence of a nation state, including its citizens, economy, and institutions, which is regarded as a duty of government.
Answer:
A). Developing an action plan.
Explanation:
The given descriptions suggest that the manager developed a plan of action to ensure that all the objectives are successfully attained effectively and efficiently in time. The 'management by objectives'(MBO) helps in enhancing the communication and coordination among the employees, effective resource utilization, clear processing of objectives step by step, and promotes better performance, and successful completion of goals. Thus, <u>option A</u> is the correct answer.
Answer:
Historical cost principle
Explanation:
Assets must be recorded at cost value, not market value. When you record an asset, you cannot change its value every period, you have to keep using the historical value. This is why we use a separate account to record accumulated depreciation of assets, so that the purchase cost is always constant, but the net carrying value will vary depending on depreciation expense.
Market value changes and can be very volatile. Imagine a house, whose initial value was $300,000, then it increased to $500,000 but the market went down and its value was $350,000. It would be a mess to change the value and pay capital gains taxes, or then report a loss.
