Lester Is a Department Manager Who Keeps Working Behind Closed

question 4

Multiple Choice

Lester is a department manager who keeps working behind closed doors and has difficulty connecting with his employees.He needs to have and develop __________________________.

• A)social awareness
• B)relationship management
• C)self-awareness
• D)self management
• E)mood contagion

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Definitions:

Discount Period

The time interval between when a bill of exchange is issued and its payment date, during which the bill is sold at a discount from face value.

2/10, Net 30

A common credit term indicating that a buyer can take a 2% discount on the invoice price if payment is made within 10 days, otherwise, the full invoice amount is due in 30 days.

Accruals

Adjustments in accounting for income that has been generated but not yet documented, and for costs that have been accrued but not yet documented.

Working Capital Needs

The funds required to finance the day-to-day operations of a business, including managing its short-term assets and liabilities.