Which of the following is TRUE about leadership substitutes?
A. A leadership substitute is a leadership alternative.
B. Leadership substitutes are actions of leaders that have no impact on the organization.
C. A leadership substitute is someone who serves as a temporary replacement for the legitimate leader.
D. Leadership substitute results when leaders fail to lead.
Answer: A. A leadership substitute is a leadership alternative.
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If the combined market value of trading securities at the end of the year is less than the market value of the same portfolio of trading securities at the beginning of the year, the difference should be accounted for by
a. reporting an unrealized loss in security investments in the stockholders' equity section of the balance sheet. b. reporting an unrealized loss in security investments in the income statement. c. a footnote to the financial statements. d. a credit to Investment in Trading Securities. e. None of these answer choices is correct.