How does the leadership skills approach differ from the leadership trait approach?
What will be an ideal response?
This discussion question is likely to stimulate students to think carefully about the concepts of
traits and skills. Although traits do not entirely determine behavior, they are fairly stable. In
contrast, skills are not usually as stable. Individuals not only can acquire skills but they can also
forget them. Skills may need to be constantly updated in order for leaders to stay current with
technology or with the newest findings about problem-solving techniques, for example.
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Which of the following is true of a promissory note?
A) It is a three-party transaction. B) It is not an order to pay. C) The party who makes the promise is the lender. D) The payee cannot transfer a note to a third party.
DutiLog Inc. is a company that specializes in providing warehouse space and transportation solutions to a diverse group of firms. Given this information, DutiLog Inc. is an example of a third-party logistics company.
Answer the following statement true (T) or false (F)
Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = IDecrease = DNo Effect = NThe Craig Corporation began operations on January 1, Year 1 by issuing 5,000 shares of $6 par-value stock at $12. Indicate the effects of this transaction on the financial statements.AssetsLiabilitiesEquityRevenuesExpensesNetIncomeCash Flow? ?????
What will be an ideal response?
The implied warranty of merchantability applies only to merchants who sell to other merchants
Indicate whether the statement is true or false