Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which of the following best describes the primary role of a business leader in an organization?

To perform all operational tasks personally without delegating to others.

To avoid setting goals and allow the company to operate without direction.

To achieve the company's goals by effectively utilizing and managing people and resources.

To focus solely on maximizing short-term profits regardless of employee well-being.

Previous problemNext problem

Verified step by step guidance

Step 1: Understand the context of the question, which is about the primary role of a business leader in an organization. This involves leadership principles and management practices.

Step 2: Evaluate each option provided in the question. Consider whether the option aligns with effective leadership and management principles. For example, performing all operational tasks personally without delegating is inefficient and not sustainable for a leader.

Step 3: Analyze the importance of setting goals and providing direction. A business leader must set clear objectives to guide the organization toward success, so avoiding goal-setting is not a viable leadership approach.

Step 4: Consider the balance between achieving company goals and managing resources effectively. A good leader focuses on long-term success, which includes employee well-being, resource management, and sustainable growth, rather than solely maximizing short-term profits.

Step 5: Identify the option that best aligns with the role of a business leader. The correct answer is the one that emphasizes achieving the company's goals by effectively utilizing and managing people and resources, as this reflects the core responsibilities of leadership.