An Important Criterion That Helps to Determine the Type of Management

question 304

Multiple Choice

An important criterion that helps to determine the type of management style (Type A, J, or Z) that works best for firms is

• A) the education level of the workforce.
• B) the marital and family status of the workforce.
• C) the general culture of the firm.
• D) the number of managers vs. the number of employees in the firm.

---

Definitions:

Service Business

A business that provides intangible products or services to customers, often involving skilled labor or professional expertise.

Gross Profit

The difference between revenue and the cost of goods sold, before accounting for certain other costs such as operating expenses.

Periodic Inventory System

An accounting method where inventory and its cost of goods sold are determined at the end of an accounting period based on a physical count.

Balance Sheet

A financial statement that provides a snapshot of a company’s financial condition at a specific point in time, detailing assets, liabilities, and shareholders' equity.