A CEO is considering whether to invest in Developing leadership capabilities in its managers. To make this determination, which of the following shouldhe take into account?O People with strong leadership skills perform managerial functions more efficiently.O Improving managers' leadership skills will enable them to solve problems more effectively.O How leaders behave has a major impact on employee performance.O The attitudes of leaders have little effect on the attitudes of rank-and-file employeesIdentify the trait as one of either a manager or a leader.TraitIs concerned with "doing things right"Has a long-term perspectiveSolves problemsManager Leader°O°

Investing in developing leadership capabilities within an organization's managerial cadre is a…

Answered: A CEO is considering whether to invest…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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agency costs may occur if A. Managers make decisions for their own best interest B. Managers may not attempt to maximize the value of the firm to shareholders C. The board does not properly oversee the activities and decisions of managers D.all of the above
Evaluating employee performance and making strategic decisions are two examples of how managerial accounting information is used. True False
Which of the following best describes the potential impact of business risk on Earnings Quality? Select one: a. Business risk is mostly composed of financial risk factors and it has minimal effect on earnings quality. b. Higher earnings quality is linked with companies more insulated from business risk. While business risk is not primarily a result of management’s discretionary actions, this risk can be lowered by skillful management strategies.' c. A higher level of earnings quality can be observed in the industries with high business risk, because higher risk means higher returns d. For managing business risk, the managers almost have no discretion, therefore business risk is not directly or indirectly related to earnings quality.
Agency theory suggests that one way to motivate managers to act in the best interests of the owners/shareholders is to link managerial compensation to firms' payoffs, such as net income or share returns. However, such a linkage imposes risk on the manager. Required: (1) Why is it important to control or reduce some of the risk thus imposed on managers? Explain. Discuss two methods by which risk imposed on the managers could be reduced.
The two - tier boar of an organization is particularly useful : a. In ensuring that there is a counterbalance to the power of managers b. For managers to assert their power C. In improving operational efficiency d. In ensuring that employees can determine strategies for the organization
CEO compensation design is effective in controlling the behavior in their decision making. How a compensation package could possibly work in adjusting a CEO’s risk taking behavior (in investments) and in balancing long-term vs. short term interests of a company?
Which of the following is NOT a correct statement about management? a. Management's application is limited to private organizations only. b. Management is applicable to all kinds of organizations. c. Management is concerned with all kinds of resources. d. Management's purpose is to formulate effective organizational strategies.
Why do you think it is important for a management accountant to be able to complete an evaluationof the firm that is separate from an evaluation of individual managers?
Why do you think it’s so important for businesses to also put an emphasis on managerial accounting? What benefits do you think are gained when using managerial accounting?
What three principles allow management accountants to provide the most value to managers?
One of the ways to describe the difference between a manager and nonmanager is that a manager's success is directly dependent on Multiple Choice both their own and their subordinates' performance. only their own performance. more their own than their subordinates' performance. only their subordinates' performance.
A major benefit of a decentralized organization is that: a) Lower level managers are more motivated to improve productivity. b) It avoids decision making by less experienced lower level managers. c) Upper level managers are more involved in routine decisions. d) It avoids the necessity for a managerial accounting system.

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