The ___ Leadership Style Tends to Take Initiative and Be

question 77

Multiple Choice

The ___ leadership style tends to take initiative and be visionary.

• A) autocratic
• B) participatory
• C) consensus
• D) consultative
• E) entrepreneurial

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Definitions:

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owners' claim against the company’s assets.

Error Correction

A process in accounting used to rectify inaccuracies or mistakes in financial records and statements.

Inventory Costing Method

A system used to value inventory, including methods such as FIFO (First In, First Out), LIFO (Last In, First Out), and weighted average cost.

Fiscal Year End

The closing date of a 12-month accounting period upon which a company completes its annual financial reporting and determines net income.