Because Expenses Are Too High, You Have Decided That Only

question 21

Multiple Choice

Because expenses are too high, you have decided that only orders above $50 in total will be accepted. You ask the salesperson if he felt there should be any exceptions to this rule. This is an example of which leadership style?

• A) telling
• B) supporting
• C) delegating
• D) selling
• E) referent

---

Definitions:

Capitalized Amount

The total cost of a capital asset that is recognized for accounting purposes, including acquisition costs and expenses incurred to bring the asset to its usable condition.

Percentage-Of-Completion Method

An accounting method used to recognize revenue and expenses of long-term contracts as a percentage of work completed during the period.

Completed Contract Method

The Completed Contract Method is an accounting approach where revenue and expenses of a contract are recorded only when the contract is completed.

Construction In Progress

An accounting term for the total cost incurred for constructing long-term, physical, non-current assets that are not yet completed at the end of a company’s accounting period.