Although Leaders and Managers Both Have Responsibility for Evaluating and Disciplining

question 20

Multiple Choice

Although leaders and managers both have responsibility for evaluating and disciplining personnel,they each have different functions.Leaders encourage peer review,whereas managers:

• A)Use a formalized system
• B)Use an informal system
• C)Inspire high performance
• D)Reduce the anxiety of the performance appraisal

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally to prepare public company financial statements.

ASPE

ASPE stands for Accounting Standards for Private Enterprises, a set of accounting practices and standards for private companies in Canada.

Diminishing-Balance

A method of calculating depreciation that results in larger depreciation charges in the early years of an asset's life and smaller charges in the later years.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life to account for the reduction in value due to wear and tear, age, or obsolescence.