What Is the Most Significant Risk Related to Long-Term Assets

question 86

Multiple Choice

What is the most significant risk related to long-term assets?

• A)Managers will NOT use the assets to satisfy the customers.
• B)Someone will steal or misappropriate the assets.
• C)They will NOT be paid for on time.
• D)They will NOT be sold before they get old.

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Definitions:

Katz's Conceptual Skill

The ability to understand complex situations and devise effective solutions, often discussed as a key leadership skill.

Knowledge Competency

The ability to effectively apply and use relevant knowledge in a specific area or field to achieve desired results.

Katz's Model

A theory developed by Robert Katz that identifies three essential skills for effective leadership: technical, human, and conceptual skills.

Administrative Skills

Abilities related to managing operations, such as organizing, planning, and overseeing tasks within an organization.