The Purchase of Office Equipment at a Cost of $2,600

question 72

Multiple Choice

The purchase of office equipment at a cost of $2,600 with an immediate down payment of $1,200 and agreement to pay the balance within 60 days is recorded by:

• A)A debit of $2,600 to Office Equipment, a debit of $1,200 to Accounts Receivable, and a credit of $1,400 to Accounts Payable.
• B)A debit of $1,400 to Accounts Receivable, a debit of $1,200 to Cash, and a credit of $2,600 to Office Equipment.
• C)A debit of $2,600 to Office Equipment, a credit of $1,200 to Cash, and a credit of $1,400 to Accounts Payable.
• D)A debit of $2,600 to Office Equipment, a credit of $1,200 to Cash, and a credit of $1,400 to Accounts Receivable.

Understand the components of the transformational leadership model.

Identify the characteristics and components of authentic leadership.

Recognize the potential impact of leadership models on organizational performance.

Distinguish between transformational and authentic leadership elements.

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Definitions:

Opportunity Cost

The cost of forgone alternatives when one option is chosen over another.

Outboard Motors

Engine units mounted externally on the rear of a boat, providing propulsion through the water.

John Maynard Keynes

A notable British economist whose theories substantially modified the framework of macroeconomics and influenced the economic decision-making of governments.

Scarcity

A fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.