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Based on the Behavior Approach,describe the Two Types of Leader

question 61

Essay

Based on the behavior approach,describe the two types of leader behaviors and give an example of a situation in which each behavior is used appropriately.


Definitions:

Operating Lease

A contract allowing the use of an asset without transferring ownership rights, typically with shorter terms than a finance lease.

Implicit Interest Rate

This reflects the cost of borrowing, calculated from the lease terms, used to measure the present value of lease payments.

Straight-Line Depreciation

A method of allocating an asset’s cost evenly throughout its useful life.

Lease Classification Error

A lease classification error occurs when a lease is incorrectly categorized, for example, as an operating lease instead of a capital lease, potentially affecting financial statements.

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