The Critical Executive Skill of the Current Business Age Is

question 30

Multiple Choice

The critical executive skill of the current business age is the ability to:

• A) manage technological innovation.
• B) manage human intellect.
• C) initiate change and overcome inertia.
• D) coordinate tangible and intangible resources.

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Definitions:

Depreciation

The procedure of distributing the cost of a solid asset over the time it is considered useful.

Accrual Basis

A system in bookkeeping where earnings and expenses are documented at the point of transaction, not necessarily when cash exchanges hands.

Cash Basis

An accounting method that recognizes revenues and expenses only when cash is received or paid, as opposed to the accrual basis accounting.

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life, reflecting wear and tear, obsolescence, or loss of usefulness.