Discuss strategies to conduct effective research needed to support your message
What will be an ideal response?
Answer: Effective research involves a lot more than simply typing a few terms into a search engine. Start by developing a problem statement that defines the purpose of your research–the decision you need to make or the conclusion you need to reach at the end of the process. Next, identify the information you need to make that decision or reach that conclusion. Save time and get better results by using a clear process. First, plan your research. Planning is the most important step of any research project; a solid plan yields better results in less time. Second, locate the data and information you need. Your next step is to figure out where the data and information are and how to access them. Third, process the data and information you located. The data and information you find probably won't be in a form you can use immediately and may require statistical analysis or other processing. Next, apply your findings. You can apply your research findings in three ways: summarizing information, drawing conclusions, and developing recommendations. Finally, manage information efficiently. Many companies are trying to maximize the return on the time and money invested in business research by collecting and sharing research results in a variety of computer-based systems, known generally as knowledge management systems.
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On November 10, Cutter, a dealer, purchased 100 lawnmowers. This comprised Cutter's entire inventory and was financed under an agreement with Town Bank which gave the bank a security interest in all lawnmowers on the premises, all future acquired lawnmowers, and the proceeds of sales. On November 15, Town Bank filed a financing statement that adequately identified the collateral. On December 20, Cutter sold one lawnmower to Wills for family use and five lawnmowers to Black for its gardening business. Which of the following is correct?
A. Town's security interest may not cover after-acquired property even if the parties so agree. B. The lawnmower sold to Wills would not ordinarily continue to be subject to Town's security interest. C. The lawnmowers sold to Black would ordinarily continue to be subject to Town's security interest. D. Town's security interest does not include the proceeds from the sale of the lawnmowers to Black.
Managerial accounting provides information to ________
A) internal decision makers B) outside investors and lenders C) creditors D) taxing authorities