[The Following Information Applies to the Questions Displayed Below

question 4

Multiple Choice

[The following information applies to the questions displayed below.]

The Yankee Corporation has recently begun to accept credit cards. On July 7, Year 1, Yankee made a credit card sale of $600. The credit card company charges a fee of 3% for handling a credit card transaction.

-Which of the following correctly describes the effect of the collection of cash from the credit card company on the financial statements of Yankee Corporation?

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Blake and Mouton

Creators of the Managerial Grid Model, which emphasizes two dimensions of leadership style: concern for people and concern for production, used for understanding and categorizing management or leadership styles.

Managerial styles

The various approaches, techniques, and behaviors managers use to interact with employees, make decisions, and direct operations within an organization.

Production

The process of creating, manufacturing, or producing goods and services to fulfill consumer needs and wants.

New Leadership

A broad term that describes innovations in leadership research, including leadership as symbolic action, followership, transformational leadership, and a view of leadership as socially constructed.