This Is a Conventional Distinction Made Between Managers and Leaders

question 19

Multiple Choice

This is a conventional distinction made between managers and leaders.

• A)Managers maintain while leaders develop.
• B)Managers innovate while leaders administer.
• C)Managers inspire while leaders control.
• D)Managers originate while leaders imitate.

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Definitions:

Disbursement Float

The time delay between when a check is written and the funds are actually deducted from the payer's account.

Collections Float

The time gap between when a check is deposited in a bank and when the funds become available, affecting the cash flow of the business.

Credit Department

The division within a company or financial institution that is responsible for managing customer credit and collecting payments.

DSO

Days Sales Outstanding (DSO) is a measure of the average number of days that it takes a company to collect payment after a sale has been made.