Which of the Following Statements Regarding Leadership Is True

question 24

Multiple Choice

Which of the following statements regarding leadership is true?

• A) All leaders are managers.
• B) Formal rights ensure good leadership.
• C) All managers are leaders.
• D) All leaders are hierarchically superior to followers.
• E) Nonsanctioned leadership is as important as formal influence.

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Definitions:

Governmental Fund Financial Statements

Financial reports that focus on the sources, uses, and balances of governmental funds and provide insight into fiscal accountability.

Proprietary Funds

Funds used by a governmental entity to account for activities similar to those found in private businesses, where the determination of net income, financial position, and changes in financial position is necessary.

For-Profit Organizations

Entities that operate with the primary goal of earning profit, distributing earnings to owners or shareholders.

Fiduciary Funds

Financial resources administered by a trustee or fiduciary on behalf of individuals or entities, following specific guidelines and for a specific purpose.