Asan Linhoud Has a Major Decision to Make Regarding Whether

question 21

Multiple Choice

Asan Linhoud has a major decision to make regarding whether to create a new sales territory or simply add customers to existing territories.He asks for suggestions from his sales reps but will make his own decision.Which of the following leadership styles is Lindoud exhibiting?

• A) consultative
• B) participative
• C) open door
• D) group centred

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Definitions:

Cash Account

An account that records cash transactions including receipts, disbursements, and balances held in cash form by an entity.

Owner's Capital

The total equity of an owner in a company, representing the net assets belonging to the owner.

Prepaid Insurance

Payments made for insurance policies in advance; these are recorded as an asset until the coverage period elapses, at which point they become an expense.

Trial Balance

A worksheet used in accounting that consolidates all ledger balances into columns for debits and credits, with both columns having equal totals.