Michael Runs a Research and Development Department

question 121

Multiple Choice

Michael runs a research and development department.He gets a lot out of his employees by setting lofty goals and expressing his belief that each of them is capable of doing his or her part.He expects their best work.According to revised path-goal theory, Michael is using a(n) ______ leadership style.

• A)representation and networking
• B)interaction facilitation
• C)supportive
• D)achievement-oriented
• E)work facilitation

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Definitions:

Business Combination Entries

The journal entries recorded to account for the consolidation of entitles under common control, reflecting their assets, liabilities, and any non-controlling interest.

Fair Value

Fair value is an estimate of the price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.

Share Capital

The funds that a company raises by issuing shares of stock, representing ownership in the company.

Retained Earnings

Refers to the portion of net earnings not distributed as dividends to shareholders but retained by the company to be reinvested in its core business or to pay debt.