Which of the Following Is a Common Myth About the Study

question 101

Multiple Choice

Which of the following is a common myth about the study of management?

• A)Management is just common sense.
• B)Managers need to be well disciplined in all of the business areas.
• C)Managers are found in all types of organizations, large and small.
• D)Many of today's managers are minorities.

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Definitions:

Journal Entry

A record in accounting that notes a specific financial transaction in the books, involving a debit and a credit.

Sacred Church

A holy and revered institution or place of worship affiliated with a particular religion or belief system.

Charge And Discharge Statement

A financial report detailing the charges or debits against an account and the credits or payments made to it, often used in the context of trust accounts or estates to show activities over a period.

Journal Entry

A record that keeps the details of a financial transaction in the accounting books, involving a debit and credit.