Analyze how a vision can fail.
What will be an ideal response?
Visions can be inappropriate, and even fail, for a variety of reasons:
• An inappropriate vision may reflect only the leader's personal needs. Such a vision may be unethical or may fail to gain acceptance by the market or by those who must implement it.
• Related to the first reason, an inappropriate vision may ignore stakeholder needs.
• Although effective leaders maintain confidence and persevere despite obstacles, the facts may dictate that the vision must change. You will learn more about change and how to manage it later.
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Which of the following activities or transactions would normally not be accounted for in a capital projects fund?
A. Construction of airport runways financed by revenue bonds and to be repaid from the revenues of the city airport, an enterprise fund. B. Lease of a building to be used as a city office building. C. Construction of a new city jail. D. Construction of a new city park to be maintained primarily from General Fund revenues.
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Indicate whether the statement is true or false
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