In the Face of Virtuality of Work Relationships Brought on by Advances

question 74

Multiple Choice

In the face of virtuality of work relationships brought on by advances in information technology, the effective leader will follow two principles.

• A) refuse to participate in e-mail communication; continue to use traditional means of spoken and written communication.
• B) phase out traditional communication methods - fact-to-face, telephone, letters, meetings; phase in electronic communication whenever and wherever possible.
• C) maintain high standards of written and spoken communication; take advantage of the speed, convenience and cost of electronic communication while maintaining as much face time as possible.
• D) None of these

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Definitions:

Excess Amortizations

Excess Amortizations refer to the amount by which amortization expenses exceed what is deemed necessary or standard for a given period, often adjusting the value of intangible assets.

Intra-Entity Transactions

Transactions occurring between divisions or departments within the same company.

Intra-Entity Gross Profit

The profit realized from transactions within segments of the same company, not reflected in consolidated financial statements until realized externally.

Deferred

Accounting term used to describe revenues or expenses that have been incurred but not yet recorded in accordance with accrual accounting principles.