Which Statement Regarding the Duties of Leaders and Managers Is

question 109

Multiple Choice

Which statement regarding the duties of leaders and managers is BEST?

• A)Leaders embrace the status quo while managers support change.
• B)A manager's title is bestowed by the organization.
• C)Leaders aim for efficiency.
• D)Managers aim for effectiveness.

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Definitions:

Deficit Spending

The practice of spending more money than is received in revenue, typically referring to government spending that exceeds its receipts.

Opportunity Cost

The expense incurred by not selecting the second best choice while making a decision or opting among alternatives.

Debt Default

The failure to meet the legal obligations of a loan, such as not making scheduled payments on time.

U.S. Federal Budget

The government's estimate of revenue and spending for a fiscal year that is proposed by the President and approved by Congress.