There Have Been Several Studies of Managers Who Fail (Derailers)

question 85

Multiple Choice

There have been several studies of managers who fail (derailers) and managers who succeed in climbing the organizational hierarchy (arrivers) . Which of the following statements describes a significant fact learned from these studies?

• A) Derailers are insensitive.
• B) Arrivers fail to inform others when things will not be done on time.
• C) Arrivers fail to admit mistakes.
• D) Arrivers fail to take responsibility for mistakes.
• E) There are several significant differences between arrivers and derailers.

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Definitions:

FIFO Cost Method

The FIFO (First In, First Out) cost method is an inventory valuation approach where goods first bought are the first ones sold, assuming that older inventory is used up first.

LIFO Method

An inventory valuation method that assumes the last items placed into inventory are the first ones sold during an accounting period.

FIFO

First-In, First-Out, an inventory method where the oldest items in stock are sold first.

LIFO

Last-In, First-Out, an inventory valuation method where the most recently produced or purchased items are sold first, used for cost of goods sold calculation.