Which of the Following Is TRUE Concerning Managerial and Technical

question 138

Multiple Choice

Which of the following is TRUE concerning managerial and technical skills?

• A)Need for human skills and technical skills remains equally important as managers move to higher levels.
• B)Need for technical skills increases and human skills decreases as managers move to higher levels.
• C)Need for human skills remains necessary and technical skills decreases as managers move to higher levels.
• D)Both human skills and technical skills needs decrease as managers move to higher levels.

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Definitions:

Income Summary

An account used in the closing process that summarizes the revenues and expenses of an accounting period.

Capital

Financial assets or the financial value of assets, such as cash and goods, working capital used in a business by a person, company, or organization.

Income Summary

An account used to summarize the revenue and expenses for a specific period, aiding in the transition to the next accounting period.

Net Loss

The amount by which total expenses exceed total revenues in a given period, indicating a financial loss.