The Best Way for a New Manager to Enter the Position

question 53

Multiple Choice

The best way for a new manager to enter the position is:

• A)with a meeting on the first day to tell the employees what the manager's philosophy is
• B)by becoming friends with all the employees
• C)as unobtrusively as possible,so the employees do not know they are being observed
• D)strongly,so there is no doubt that the manager has formal power
• E)in a low-key way that indicates that the manager is interested in leading,not ruling

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Definitions:

Purpose

The underlying motive or reason for the creation or existence of something.

Translation Adjustment

An adjustment in the financial statements to account for gains or losses that arise from converting foreign currencies into the reporting currency.

Functional Currency

The primary currency of the primary economic environment in which an entity operates, used in generating and expending cash.

Exchange Rates

The worth of one currency when converted to another, establishing how much one currency can be exchanged for another.