When Delegating, What Should Be Communicated with the Employee Up

question 60

Multiple Choice

When delegating, what should be communicated with the employee up front?

• A) his or her responsibility
• B) agree on an overall goal or outcome
• C) create benchmarks to monitor progress
• D) all of these

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Definitions:

Income Summary

An account used in closing process to collect all revenue and expense account balances before determining net income or loss.

Debit Balance

The condition where the total debits exceed the total credits in an account, typically indicating assets or expenses.

Credit Balance

A balance in a financial account that indicates the amount of money owed to a creditor or the account holder; it is the opposite of a debit balance.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances from temporary accounts to permanent accounts, preparing the books for the next period.