Describe the differences between leaders and managers.
What will be an ideal response?
The manager is the day-to-day problem solver, and the leader is focused on
developing new approaches and options for the future. Leadership is about inspiring
others to follow a vision. Managers are concerned with controlling the operations of the
organization so things run efficiently. The manager imitates while the leader originates.
The manager asks how and when; the leader asks what and why. The manager relies
on control; the leader inspires trust.
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The ____ is a compilation of open purchase orders and includes the status of each item on order
a. accounts payable master data b. vendor master data c. vouchers payable master data d. purchase order master data
________ is a form of property insurance that insures an automobile from loss or damage due to causes other than collision
A) Omnibus insurance B) Comprehensive insurance C) Coinsurance clause D) No-fault automobile insurance
Suppose that 10 golfers enter a tournament and that their respective skill levels are approximately the same. What is the probability that one of the first three golfers that registered for the tournament will win?
A) 0.100 B) 0.001 C) 0.300 D) 0.299 E) 0.700
Eloise is a director for Frozen Yogurt Company. Eloise is also a director for Gelato Desserts, Inc When the board of Frozen Yogurt considers entering into a contract with Gelato Desserts, Eloise must
a. resign from one of the boards. b. resign from both boards. c. make a full disclosure of any conflict of interest. d. use her best business judgment in voting on the proposed deal.