Answer the following statements true (T) or false (F)
1. In SLII, Style 3 is high supportive and low directive.
2. In SLII, delegating is ineffective with subordinates who are very competent and committed.
3. SLII is used by many corporations to train leaders.
4. One of the strengths of the situational approach is its clear conceptualization of subordinates' developmental levels.
5. The situational approach contends that leadership involves both directive and supportive behaviors.
1. True
2. False
3. True
4. False
5. True
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Reversing entries should not be made for
A) adjusting entries related to estimated items such as depreciation. B) adjusting entries that create accrued revenues to be collected in the next accounting period. C) adjusting entries that create accrued expenses to be paid in the next accounting period. D) adjusting entries related to prepayments of costs initially recorded as expenses.
Multiple-step income statements show
A) gross profit but not income from operations B) neither gross profit nor income from operations C) both gross profit and income from operations D) income from operations but not gross profit
When does a joint tenancy become a tenancy in common?
A) when a joint tenant sells his or her property B) when a joint tenant dies C) when two joint tenants swap their share in the tenancy D) when two joint tenants are bound by a marital relationship
A firm sets a target capital structure to use when raising new funds in an effort to:
A. maximize its earnings per share (EPS). B. minimize its cost of debt (rd). C. maximize the dividend per share it pays commons stockholders. D. minimize its cost of equity (rs). E. minimize its weighted average cost of capital (WACC).