Ann Delegated Work to an Employee Who Mismanaged Public Funds

question 49

Multiple Choice

Ann delegated work to an employee who mismanaged public funds. Ann, rather than the employee, was reprimanded for this mismanagement. Ann is now reluctant to delegate because she

• A) does not care whether the work is properly done.
• B) knows the person who delegates remains accountable for the work.
• C) does not trust any of her subordinates.
• D) fears a subordinate will do the work so well that he or she will attract the approval of top management.
• E) is so disorganized that she simply cannot plan and assign work effectively.

Recognize how inflation affects purchasing power and the real value of money.

Understand the relationships between inflation, deflation, and economic indicators such as the unemployment rate.

Identify government and central bank roles in managing the economy and addressing inflation.

Analyze the impact of economic policies on the business cycle and unemployment.

---

Definitions:

Statement of Equity

A financial document that outlines the changes in the equity section of the balance sheet during a certain period, including profits retained in the business, dividends paid, and equity capital injections.

Gross Profit

The difference between revenue and the cost of goods sold before deduction of overheads, interests, and taxes.

Gross Sales

The revenue earned from the sale of merchandise to customers.

Cost of Shoes

The cost of shoes encompasses the total expenses incurred in manufacturing or purchasing shoes, including materials, labor, and potentially distribution and marketing costs.