An Example of an Extraordinary Gain or Loss Is

question 24

Multiple Choice

An example of an extraordinary gain or loss is:

• A)A large loss arising from inability to collect an account receivable from a bankrupt customer.
• B)A large gain from disposal of a segment of the business.
• C)A gain or loss from sale of an expensive machine no longer needed in the business.
• D)A loss due to the expropriation of assets by a foreign government.

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Definitions:

Leader-Member Exchange Theory

A theory suggesting that leaders form unique individual relationships with each member of their team, which can affect the team's dynamics and performance.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Social Exchange Relationships

A theory that explains how human relationships are formed and maintained based on an exchange process aiming at maximizing benefits and minimizing costs.