Answer:
a. Traits approach
Explanation:
It is correct to state that the committee members were operating under the leadership traits approach, which corresponds to the collective perception of an individual's personality through their personal characteristics that are outstanding and that make them stand out among other individuals.
As in the case of Ian, who was perceived by many members as a person with a lively sense of humor, as someone who would do a good job.
Answer:
Pages and pages of detailed facts and figures
Explanation:
Endless pages of detailed fact and figures are not necessary for a new small business a concise and financial information should suffice.
There are three primary parts to a business plan:
The first is the business concept, where you discuss the ibusiness you are in to, your business structure, your particular product or service, and how you plan to make your business a success.
The second is the marketplace section, in which you describe and analyze potential customers (target market): who and where they are, what makes them buy and so on. Your unique niche and selling point Here, you also describe the competition and how you'll position yourself to beat it.
The financial section contains your income and cash flow statement, balance sheet and other financial ratios, such as break-even analyses. This part may require help from your accountant and a good spreadsheet software program.
Answer:
d. increase equity by $4,900
Explanation:
Jack Snow received $14,700 on December 1 for services to be rendered in December, January and February. It will not be recorded as income because it hasn't been earned.
Adjusting entries will be passed at the end of each month to recognise amount earned.
Since it is for 3 months, monthly amount earned = 14,700/3= $4,900
At December 31 Retained earnings will be credited for $4,900.
Retained earnings is part of owner's equity.
So equity will increase by $4,900
