Groups of related business activities such as the acquisition of merchandise and payment of vendors are called transaction cycles.
A transaction cycle is an interlocking set of business transactions. Most of those transactions may be aggregated into a comparatively small number of transaction cycles associated with the sale of products, payments to suppliers, payments to employees, and payments to lenders.
A transaction cycle is a set of accounting transaction that happens in a very normal sequence as an example a sales transaction is followed by shipping transaction, a billing transaction, and a cash receipts transaction.
Therefore, there are four transaction cycles which are the following:- Financial cycle, expenditure cycle, revenue cycle, conversion cycle.
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Answer:
e. a road map for the marketing activities of an organization for a specified future time period, such as one year or five years.
Explanation:
A company's marketing plan generally involves specific periods of time, and usually last more than one year, but they aren't long enough to be considered as long term goals (more than 5 years). They follow the company's marketing strategies (long term goals), coordinate marketing activities and set short term goals.
Answer:
c) leadership is first and foremost about establishing a personal bond with employees
Explanation:
Sam believes in rewarding his employees for their hard work. he is acting as a _______ when he processes their merit raises promptly on their hire date anniversaries.
As a manager seeks to develop her leadership skills, she should be aware that:
a) there is one best leadership style to which all managers should aspire
b) leadership is primarily about personal efficiency
c) leadership is first and foremost about establishing a personal bond with employees
d) many different styles of leadership can be effective
Sam is acting as a manager when he processes their merit raises promptly on their hire date anniversaries. Leadership is the ability for an individual to direct or guide other individuals, teams, or entire organizations. Leadership in an organization is directing employees to accomplish a goal or meet the company need.
A leader should be able to communicate effectively with his/her team, be honest and have integrity and also build good relationship among client, team members and the community at large. The first thing a leader must do is establishing a personal bond with employees.
