Which of the Following Statements About Managers Is True

question 64

Multiple Choice

Which of the following statements about managers is true?

• A)It is more important for managers to be efficient than to be effective.
• B)It is more important for managers to be effective than to be efficient.
• C)Low-level managers should be efficient, while high-level managers should be effective.
• D)Low-level managers should be effective, while high-level managers should be efficient.
• E)The best managers maintain a clear focus on both effectiveness and efficiency.

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Definitions:

Financial Accounting Standards

Rules and guidelines developed by authoritative entities to govern how financial statements should be prepared and presented.

IASB

The International Accounting Standards Board, an independent body that develops and approves International Financial Reporting Standards (IFRS).

AICPA

The American Institute of Certified Public Accountants, a professional organization for certified public accountants in the United States.

SEC

Stands for the Securities and Exchange Commission, a U.S. government agency responsible for regulating the securities markets and protecting investors.