The Profit for a Particular Project of Blue Fin Ltd,using

question 5

Multiple Choice

The profit for a particular project of Blue Fin Ltd,using the percentage of completion method,was $470 000 for year 1 and $690 000 for year 2 (completion) .
-What difference would there be to profit for year 1 if the completion of production method were used?

• A) Profit would be $470 000 lower.
• B) Profit would be $470 000 higher.
• C) There would be no difference.
• D) It cannot be determined from the above information.

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Definitions:

Servant Leader

A leadership philosophy in which the main goal of the leader is to serve. This is different from traditional leadership where the leader's main focus is the thriving of their company or organizations.

Altruistic Motivation

Being driven to act out of a desire to help others and improve their well-being without expecting anything in return.

Geniality

The quality of having a friendly and cheerful manner, often seen as desirable in leadership to create a positive work environment.

Servant Leader Behavior

A leadership philosophy which focuses on serving the needs of others first and foremost, with the leader prioritizing the well-being and development of their team members.