Warren Bennis and Burt Nanus Have Said That "Managers Are

question 7

Multiple Choice

Warren Bennis and Burt Nanus have said that "managers are people who ______________ and leaders are people who _______________."

• A) use power; use transformational leadership.
• B) use transactional leadership; transformation leadership.
• C) do things right; do the right thing.
• D) tell followers what to do; collaborate.
• E) use Theory X; Theory Y.

---

Definitions:

Inventory Period

The average time it takes for a company's inventory to be sold and replaced.

Cash Cycle

The duration of time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Credit Sales

Transactions where goods or services are sold by a company with payment to be received at a later date.

Operating Cycle

The duration between a company's purchase of inventory and the receipt of cash from accounts receivable.