In the List Below, Which Represents a Leadership Function

question 15

Multiple Choice

In the list below, which represents a leadership function?

• A) The person makes sure that employees show up on time, work throughout their shifts, and check out on time.
• B) The person meets often with others on the work team to ensure harmony in the workplace.
• C) The person envisions a new method of product development and promotes it throughout the company.
• D) The person takes responsibility for payroll, taxes, and inventory.

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Definitions:

Prepayment Accounts

Accounts used to record expenses that have been paid in advance and are recognized incrementally as expenses over time.

Balance Sheet

A financial statement that displays a company's financial position at a specific point in time, including assets, liabilities, and shareholders' equity.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to its net income or loss.

Accrued Revenues

Revenues that have been earned but not yet received in cash or recorded, representing assets on the balance sheet.