The Majority of a Manager's Time Is Spent in Meetings

question 74

Multiple Choice

The majority of a manager's time is spent in meetings. What should a manager do to make efficient and effective use of this time?

• A) Be flexible in agenda setting; sometimes new things just come up during the meeting and discussing it now would reduce "gearing up" time later
• B) Don't keep minutes; they waste time and no one likes to take them
• C) Be flexible with the ending time of the meeting so that the tasks can be accomplished
• D) Insist on subordinates' suggestions to problems so that the manager may choose among alternatives rather than generate his/her own

---

Definitions:

Average Cost

An accounting method that calculates the cost of goods sold and ending inventory based on the weighted average of all units purchased or manufactured.

Depreciation Expense

Expense recorded to allocate the cost of a tangible asset over its useful life.

Functional Currency

The primary currency used by a business or entity in its economic environment, influencing how financial transactions are recorded.

Currency Exchange Rates

The exchange rate that determines how much of one currency is equivalent to another.