Which of the Following Is a Common Error Committed by Less-Experienced

question 76

Multiple Choice

Which of the following is a common error committed by less-experienced managers?

• A) They tend to defer control to top management.
• B) They tend to avoid formal methods and control by "gut" instinct.
• C) They tend to apply more control than is necessary to show they are "in charge."
• D) They tend to forgo control in order to foster good relations with their employees.

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Definitions:

Antifraud Requirements

Legal measures designed to prevent fraud, especially in commercial transactions and financial reporting.

Annuity Contracts

Financial products sold by insurance companies that provide a fixed or variable payment to an individual at regular intervals, typically for retirement.

City Bonds

Municipal securities issued by cities to fund public projects such as schools, highways, and urban redevelopment.

Domestic Banks

Financial institutions that operate within the legal jurisdiction of a specific country, accepting deposits and making loans.