Which Characteristic Is More Associated with Leaders Than Managers

question 95

Multiple Choice

Which characteristic is more associated with leaders than managers?

• A) visionary
• B) trains and develops
• C) promote stability
• D) ensure operations run smoothly

Comprehend different benchmarking strategies and their limitations.

Understand the general perspectives considered in the balanced scorecard for different types of businesses.

Define the concept and importance of set-up time in production.

Identify the limitations of traditional accounting systems in performance measurement.

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Definitions:

Allowance for Doubtful Accounts

An estimate of the amount of accounts receivable that may not be collectible, serving as a contra account to adjust the value of total receivables.

Net Realizable Value

The estimated selling price of an asset in the ordinary course of business minus any costs associated with its sale or disposal.

Direct Write-off Method

A method for handling bad debts by writing off specific uncollectible accounts receivable when they are deemed unrecoverable, impacting the income statement.

Matching Principle

An accounting principle that states expenses should be recorded during the period in which they are incurred, matched with the revenues they generate.