Linc's Software Development Team Has Run into a Problem

question 31

Multiple Choice

Linc's software development team has run into a problem. The tools that they are using are old and missing some functions that would speed up the development process. Linc can think of only one solution-buying new tools. Because the new development tools are so expensive, Linc called a meeting and asked everyone to suggest solutions that the company can afford. Linc will do what the group decides is the best solution. According to the Vroom-Jago contingency model of leadership, which leadership style is Linc using?

• A) Consult group
• B) Delegate
• C) Decide
• D) Facilitate

---

Definitions:

LIFO Reserve

The difference between the cost of inventory calculated under the Last-In, First-Out method and its cost under the First-In, First-Out method.

FIFO Costing

An inventory valuation method that assumes the first units produced or acquired are the first ones to be expensed or sold (First In, First Out).

Inventory Value

Inventory value is the total cost or market value of all the goods and materials held by a company intended for sale.

Pretax Income

The amount of income earned by a business before paying taxes, also known as earnings before tax (EBT).