Why Are Conceptual Skills Most Important for Top Managers

question 53

Essay

Why are conceptual skills most important for top managers?

Understand how net income for a period is determined.

Differentiate between private and public accountants.

Understand the difference between internal and external transactions and their recording.

Be familiar with the process of identification and recording in accounting.

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Definitions:

Side-Track

To divert from the main issue or focus, leading to irrelevant discussions or activities.

A-type Conflict

Refers to affective conflict where disagreements among individuals are due to personal issues, emotions, and matters unrelated to work tasks.

C-type Conflict

"Cognitive" type conflict, which involves disagreements in ideas, opinions, or points of view, often seen as beneficial for problem-solving and innovation.

Conflict Strategies

Methods or approaches used to handle or resolve disagreements and disputes.