It Is Vital for Firms to Develop

question 152

Multiple Choice

It is vital for firms to develop

• A) one strong core competency.
• B) as many core competencies as possible.
• C) three or four core competencies.
• D) an ever-changing array of competencies, as competencies rarely last longer than two years.

Understand the major domains of ethical theory and their relevance to leadership.

Assess the relationship between honesty and leadership effectiveness.

Recognize the role of ethical theory in guiding decisions regarding right and wrong in leadership contexts.

Analyze the impact of leader ethics on organizational ethical climate.

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Definitions:

GAAP

Generally Accepted Accounting Principles, a framework of accounting standards, principles, and procedures from which financial statements are prepared in the United States.

Cumulative

Pertaining to an aggregate or total amount added up over time, often used in context with dividends that are accumulated if not paid out.

Noncumulative

A term often used in dividends policy, indicating that if a dividend is not paid out, it doesn't accumulate for future payment.

U.S. GAAP

United States Generally Accepted Accounting Principles, which constitute the framework of guidelines for financial accounting used in the US.