Which Type of Chief Executive Officer with a Great Deal

question 82

Multiple Choice

Which type of chief executive officer with a great deal of experience in that particular industry would be appropriate for a corporation following a concentration strategy emphasizing vertical or horizontal growth?

• A) professional liquidator
• B) dynamic industry expert
• C) turnaround specialist
• D) analytical portfolio manager
• E) cautious profit planner

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Definitions:

Modified Accrual Accounting

An accounting method that combines elements of both accrual and cash basis accounting, recognizing revenues when they are available and measurable, and expenses when incurred.

Realizable

Refers to assets that can be easily converted into cash or are expected to be sold without significant delay or loss in value.

Modified Accrual Accounting

An accounting method that recognizes revenues when they become available and measurable and expenses when they are incurred, used often by government entities.