Which of the Following Is True Concerning Technical and Managerial

question 61

Multiple Choice

Which of the following is true concerning technical and managerial skills?

• A) Human skills and technical skills remain equally important as managers move to higher levels.
• B) Technical-skill needs remain necessary and human skills decrease as managers move to higher levels.
• C) Human skills remain necessary and technical-skill needs decrease as managers move to higher levels.
• D) Both human-skill and technical-skill needs decrease as managers move to higher levels.
• E) Practical and functional skills decrease as managers are given more responsibility.

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Definitions:

Net Assets

The total assets of an organization minus its total liabilities, indicating the net worth or equity of the company.

Net Sales

Net sales are the amount of revenue generated from sales activities after deducting returns, allowances for damaged or missing goods, and any discounts allowed.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and interest, from its total revenue.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure a company's bookkeeping system is mathematically correct.