_____ means effective performance management helps the organization achieve its business objectives.
A. Systematic purpose
B. Investigative purpose
C. Developmental purpose
D. Administrative purpose
E. Strategic purpose
Answer: E. Strategic purpose
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Recasto owns a second residence that is used for both personal and rental purposes. During 2017, Recasto used the second residence for 50 days and rented the residence to Louis for 200 days. Which of the following statements is true?
a. Depreciation may not be deducted on the property under any circumstances. b. A rental loss may be deducted if rental-related expenses exceed rental income c. Utilities and maintenance on the property must be divided between personal and rental use. d. All mortgage interest and taxes on the property will be deducted to determine the property's net income or loss.
The limited liability corporation is a form of business organization that is rapidly losing popularity in the United States
Indicate whether the statement is true or false