Describe the Processes by Which Managers Typically Attain the Necessary

question 130

Essay

Describe the processes by which managers typically attain the necessary management skills and some of the advantages and disadvantages of each process.

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Definitions:

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted thereafter for the investor's share of the investee's net income or loss.

Patents

Intellectual property rights granted to an inventor, providing exclusive rights to use, sell, or manufacture the invention for a certain period.

Equipment

Tangible personal property used in operations, such as machinery or office hardware, that is not intended for sale.

Acquisition Differential

The difference between the cost of an acquisition and the fair value of net assets acquired, often recognized as goodwill on the balance sheet.