Melanie Has Been Promoted as the Operations Head of Apex

question 32

Multiple Choice

Melanie has been promoted as the operations head of Apex Inc. She aims to lead the organization in an effective manner. Which of the following should be implemented by Melanie to achieve her aim?

• A) Focus on getting the most results out of people so that production goals are achieved.
• B) Ensure that employees are part of a community and feel that they are contributing to something worthwhile.
• C) Maintain a relationship based on position and formal authority and not on personal influence and trust.
• D) Maintain a degree of stability, predictability, and order through a culture of efficiency.

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Definitions:

Measurability Conditions

Criteria used to determine whether the financial impact of an event can be reliably measured and should be recognized in the financial statements.

Installment Sales Method

An accounting method where revenue is recognized at the time of cash collection rather than at the point of sale.

IFRS

International Financial Reporting Standards; a set of accounting standards developed by the International Accounting Standards Board that is becoming the global standard for the preparation of public company financial statements.

Cost Recovery Method

An accounting technique where revenue is recognized only after the costs of the sold goods or services are recovered, deferring profit recognition.