Junpei Needs $25,000 to Start Up His Own Business and Get

question 10

Multiple Choice

Junpei needs $25,000 to start up his own business and get it off the ground. He can either withdraw the money from his savings account, where he currently earns 3 percent, or he can take out a loan for $25,000 and pay 5 percent interest. Junpei should compare _____ and choose to _____.

• A)the implicit cost of $750 to the explicit cost of $1,250; use his savings
• B)the implicit cost of $750 to the explicit cost of $1,250; borrow the money
• C)the explicit cost of $750 to the implicit cost of $1,250; use his savings
• D)the explicit cost of $25,750 to the explicit cost of $26,250; borrow the money

Distinguish between directive and supportive behaviors in leadership.

Appreciate the situational approach’s strength in conceptualizing subordinate development levels.

Describe the characteristics of the four follower development levels in the SLII model.

Analyze a realistic leadership scenario to identify the SLII leadership style being applied.

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Definitions:

Unqualified Opinion

An auditor's report that the financial statements of an entity present fairly its affairs in all material respects according to the applicable financial reporting framework.

CPA

Certified Public Accountant, a professional designation given to accountants who pass a licensing examination in accounting.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting in the United States.

Trigonometry

A branch of mathematics dealing with the relationships between the angles and sides of triangles, extensively used in engineering, physics, and astronomy.