The Perfect Manager (Scenario)

question 21

Multiple Choice

The Perfect Manager (Scenario)
Sarah has proven herself to be an able manager. Her section has a high project completion rate with the highest- quality produ the lowest defects in her division. In addition, she accomplishes this with fewer full- time employees than other managers.
Some say that the secret of her success is in her ability to delegate responsibility and her understanding of the basic "management functions."
-If Sarah accomplished her projects on time with high- quality results, but she took more time than other managers in the process, you could say that as a manager she was _________.

• A) efficient, but not effective
• B) a leader, but not a top manager
• C) project oriented, but not effective
• D) effective, but not efficient

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Definitions:

Fair Value Enterprise Method

A valuation method where a business is valued based on the present value of its projected future earnings or cash flows, adjusted to their market value.

Consolidated Balance Sheet

A financial statement showing the combined assets, liabilities, and equity of a parent company and its subsidiaries as if they were a single entity.

Fair Value Enterprise Method

An approach to valuation that estimates the price at which an entire business would exchange between knowledgeable and willing parties.

Journal Entry

A record of financial transactions in the accounting system of a business, consisting of debits and credits.