Which of the following styles of leadership is becoming one of the leadership styles of choice for businesses that seek to reduce the layers of management in their structures?

A) autocratic
B) laissez-faire
C) participative
D) visionary
E) free-rein

Answer: C
Explanation: C) With fewer layers of management, managers are delegating more decisions down to the teams of workers. Knowing how, when, and to whom to delegate is a talent found best in democratic, or participative, leaders.

Business

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On January 1, 2017, Carmody Corporation purchased 5% bonds with a face value of $60,000 for $62,000. Carmody Corporation intends to hold the bonds until the maturity date. Interest is paid semiannually on January 1 and July 1

The company uses the straight-line amortization method for discounts and premiums. The journal entry on January 1, 2017 is: A) debit Held-to-Maturity Investment in Bonds for $60,000, debit Premium on Bonds for $2000 and credit Cash for $62,000. B) debit Held-to-Maturity Investment in Bonds for $62,000 and credit Cash for $62,000. C) debit Investment in Bonds for $62,000 and credit Interest Revenue for $62,000. D) debit Investment in Bonds for $60,000, debit Premium on Bonds for $2000 and credit Interest Revenue $62,000.

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