The Leadership Substitutes Model Suggests That Under Certain Conditions Managers

question 84

Multiple Choice

The leadership substitutes model suggests that under certain conditions managers do not have to play a leadership role

• A)when employees may not be able to accept the company's management's philosophy.
• B)when the company is facing large changes in personnel, and there is no way of determining which employees will remain.
• C)because members of an organization sometimes can perform at a high level without a manager exerting influence over them.
• D)because employees are not willing to accept changes and will continue to perform the same tasks regardless of management oversight.

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Definitions:

Contra Account

A contra account is an account used in the general ledger to reduce the value of a related account when the two are netted together.

Accumulated Depreciation

The total amount of a company's asset value that has been allocated as depreciation expense since the asset was put into use.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thus preparing the books for the next period.

Income Summary

An account used in the closing process that summarizes revenues and expenses for a period, transferring the net amount to retained earnings.