According to Bass, the Active Management-By-Exception Leader

question 42

Multiple Choice

According to Bass, the active management-by-exception leader:

• A)Is a visionary agent with a sense of mission, who is capable of motivating their followers to accept new goals and new ways of doing things
• B)Clarifies what needs to be done and provides both psychic and material rewards to those who comply with his or her directives
• C)Is an individual who exchanges rewards for effort and performance and works on a "something for something" basis with employees
• D)Monitors follower performance and takes corrective action when deviations from standards occur

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Definitions:

Double-Declining-Balance

A method of accelerated depreciation in which an asset's book value is reduced by twice the rate of straight-line depreciation.

Straight-Line Rate

The Straight-Line Rate refers to a method of calculating depreciation or amortization by evenly allocating the cost of an asset minus its salvage value over its useful life.

Depreciation Method

A systematic approach to allocating the cost of a tangible asset over its useful life.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, including balance sheet, income statement, and cash flow statement.