The Difference Between a Boss and a Leader Is That

question 45

Multiple Choice

The difference between a boss and a leader is that ________.

• A) the leader gives orders; the boss helps people achieve their potential
• B) the boss gives orders; the leader helps people achieve their potential
• C) the leader is always honest and vocal; the boss says what his or her boss wants to hear
• D) the boss is always honest and vocal; the leader says what his or her boss wants to hear

Analyze the relationship between credit policy and firm financing needs.

Recognize the importance of credit terms, including discounts and payment periods, on buyer behavior and seller's costs.

Understand the factors determining the length of credit periods offered by sellers.

Evaluate the role of product characteristics and market conditions on credit terms.

---

Definitions:

Superseding Cause

An intervening cause that alters the natural sequence of events and relieves a defendant from liability for harm caused after the intervention.

Legal Duty

An obligation imposed by law where an individual is required to adhere to a standard of reasonable care while performing any acts that could harm others.

Superseding Cause

refers to an unforeseeable event that interrupts the chain of causation and becomes the primary reason for an injury, thereby relieving the defendant from liability in a negligence claim.

Causal Chain

A sequence of events where each event is the result of the preceding one and causes the next.