A New Manager Has Been Appointed to Lead Your Division

question 141

Multiple Choice

A new manager has been appointed to lead your division and you, as the senior employee, have been filling her in on how things are done in your department. Which of the following guidelines for effective followership are you employing in assisting your new leader?

• A) offer support to leader
• B) take initiative
• C) play counseling and coaching roles to leader when appropriate
• D) raise issues and/or concerns when necessary
• E) seek and encourage honest feedback from the leader
• F) clarify your role and expectations
• G) show appreciation
• H) keep the leader informed
• I) resist inappropriate influence of leader

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Definitions:

WACC

Weighted Average Cost of Capital; a calculation of a firm's cost of capital where each category of capital is proportionately weighted, including equity, debt, preferred stock, and any other long-term debt.

Debt Financed

The use of borrowed funds to purchase assets or fund operations, typically involving interest payments to the lender.

Tax Rate

The percentage at which an individual or corporation is taxed by the government.

After-Tax Cost

The actual cost of an expense or investment to a company or individual after accounting for the effects of taxes.