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Scenario C

question 133

Multiple Choice

Scenario C. Candice is an effective and admired leader in her organization, a large bottling company. She breaks down the behaviors she thinks have lead to her success. They are:
1. She expects a lot from her staff. She sets high goals so they need to work hard and be productive while they are at work. She also expects high quality output.
2. Additionally, she works hard to maintain good relationships with each and every employee that she has. She regularly provides praise and seeks ways to help individuals solve problems and reduce stress. She has been told she is easy to talk to.
3. Finally, Candice thinks that it is important to get ‘buy-in' from her employees on many issues, so she solicits input from them on some decisions and really tries to take it into consideration. Sometimes she even meets with the whole group and tries to reach consensus.

-The behaviors in number 1 could be called

Definitions:

Pre-tax Book Income

The income a company reports to investors before the application of income tax and other deductions as per accounting standards.

Income Tax Expense

The total amount charged against earnings based on corporate and governmental tax regulations.

Deferred Tax Liabilities

Future tax payments a company owes but has not yet paid, often arising from timing differences between accounting practices and tax laws.

Deferred Tax Assets

Deferred tax assets are items on the balance sheet that reduce future tax obligations because of overpayment or advance payment of taxes or future tax benefits due to allowable temporary differences.