You Have Recently Been Promoted

question 49

Multiple Choice

You have recently been promoted.In looking through the prior supervisor's records,you note that she had regular meetings with her employees both individually and as a team.The meetings seemed to focus on how important the individual's and the team's efforts were to the organization's objective.What was this supervisor good at?

• A) Providing support
• B) Providing information
• C) Providing resources
• D) Efficient with her time

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Definitions:

GAAP

Generally Accepted Accounting Principles, which are standard guidelines and procedures for financial accounting and reporting in the U.S.

Interest Rate

The fee a lender imposes on a borrower for asset usage, represented as a proportion of the principal amount.

Note

An instrument of debt that specifies the terms under which monies are borrowed and must be repaid, including interest rates and due date.

Notes Receivable

Written promises for amounts to be received within a certain period, recognized as assets on the balance sheet.