A ________ is written to validate a decision that has already been made
A) project proposal
B) progress report
C) compliance report
D) justification report
E) strategy analysis
D
Explanation: D) A justification report is prepared after a decision has been made. A justification report seeks to find evidence that the decision already made was correct, given the circumstances at the time.
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The upper-level managers of Brooms International, a 120-year-old broom and mop manufacturing company, realize that their production facility is outdated. Therefore, they know their competitors, with newer production plants, have gained a competitive advantage over their organization. This is an example of an external weakness.
a. True b. False
The second statement prepared
a. Income statement b. Balance sheet c. Statement of owner's equity d. Statement of cash flows