Which of the Following Is a CORRECT Statement Regarding Leadership

question 7

Multiple Choice

Which of the following is a CORRECT statement regarding leadership?

• A) The best leaders are promoted from within.
• B) Leadership is something that an individual can develop if he or she has a real desire to do so.
• C) Leadership always resides in the person in charge of a group of people.
• D) Most effective leaders tend to be far above average intelligence.

---

Definitions:

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of earned income, occurring typically with corporate dividends taxed at both the corporate and individual level.

Corporation

A legal entity that is separate and distinct from its owners, offering limited liability, ease of transferability of shares, and perpetual succession.

Partnership

A legal form of business operation between two or more individuals who share management and profits or losses.

Accuracy of Records

The precision and correctness of recorded financial or operational data in a company's books or databases.