Which Is the Most Accurate Summary of the Differentiation Between

question 38

Multiple Choice

Which is the most accurate summary of the differentiation between leadership and management that is most useful in the current environment?

• A) Management is about facilitating stability and leadership is about managing change.
• B) Management is about equilibrium and leadership is about refining current performance.
• C) Management is about controlling variance and leadership is about initiating change.
• D) Management is about setting direction and leadership is about creating something new.
• E) The distinctions set out by previous writers are no longer appropriate as the skills required to be effective as a leader and as a manager are essentially identical.

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Definitions:

Market Price

The amount at which an asset or service could be bought or sold in a current transaction between willing parties.

Management's Discussion

A section of a company’s annual report where management presents an analysis of the company’s performance, future prospects, and financial health.

Annual Reports

Comprehensive statements that provide information on a company's activities, financial performance, and strategy over the past fiscal year.

Off-Balance-Sheet

Financial obligations or assets not recorded on a company's balance sheet, often due to being contingent or uncertain.