Max DePree States That Being a Leader Means Having the Opportunity

question 38

True/False

Max DePree states that being a leader means having the opportunity to make a difference in the lives of those who permit leaders to lead.

---

Definitions:

Owner's Equity

The residual interest in the assets of the enterprise after deducting its liabilities, also known as shareholder's equity.

Net Income

The final amount of money a company makes after taking away all expenses, including taxes and the costs of operation, from the total income.

Owner Drawings

Amounts withdrawn by the owner of a business for personal use, reducing the owner's equity in the business.

Revenues

The income earned from normal business operations and includes discounts and deductions for returned merchandise.