Scenario - Jaimie Hall

question 62

Multiple Choice

Scenario - Jaimie Hall

The continuing development and improvement of computer information systems has made a powerful impression on Jaimie Hall, CEO of See-Saw City SSC) . The current computer system at SSC is seven years old, and while still highly useful and reliable, Jaimie is wondering if a new system would be more efficient and more useful. Jaimie recognized that some of her managers would prefer to keep the old system, while others have been requesting that the company update its information capability.
-Jaimie recognized that creativity is an essential ingredient in developing solutions to organizational problems. Which of the following is NOT a characteristic of a creative manager?

• A) Conceptual fluency and open mindedness
• B) Originality
• C) Focused approach
• D) Commitment
• E) Disciplined and team dependent

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Definitions:

Trial Balance

A trial balance is a bookkeeping report that lists the balances in each of an organization's general ledger accounts to check the mathematical accuracy of the accounting entries.

Prepaid Insurance

An asset account representing insurance premiums paid in advance, which are expensed as the insurance coverage pertains to future accounting periods.

Fees Earned

Revenue generated from professional services provided to clients.

Insurance Expense

The cost incurred by a business for obtaining insurance coverage against risks, reflected as a periodical premium payment in financial statements.