A Person Who Engages in Leadership Activities but Whose Right

question 65

Multiple Choice

A person who engages in leadership activities but whose right to do so has not been formally recognized is called a(n)

• A) formal leader.
• B) informal leader.
• C) task specialist.
• D) maintenance specialist.
• E) hero.

---

Definitions:

Direct Materials

Raw materials that can be directly traced to the production of finished goods.

Fixed Costs

Expenses that do not change in total despite fluctuations in production levels or sales volume.

Income Statement

A financial statement that shows a company's revenues, expenses, and profitability over a specified period of time, providing insight into its financial performance.

Absorption Costing

An accounting method where all manufacturing costs, including both fixed and variable costs, are allocated to produced units.