Which of the Following Is a Quality of Managers

question 22

Multiple Choice

Which of the following is a quality of managers?

• A) They create vision and strategy instead of planning and budgeting.
• B) They use personal influence instead of the power of their position.
• C) They invest in people instead of investing in goods.
• D) They have expert minds rather than open minds.

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Definitions:

Disbursements

Financial payments made by a business, including cash expenditures, payments on debts, or distribution of dividends.

Beginning Balance

The amount of money in a given account at the start of a financial period.

Petty Cash Fund

A small amount of cash kept on hand for making immediate, minor expenditures.

Journal Entries

The recordation of financial transactions in a company's accounting system, typically involving a debit and credit entry.