Effective leaders realize that any mission statements should be formulated with considerable input from all who play a part in living the mission

Sam quit his job as an accountant with We Keep Books Accurately to open his own accounting

firm. He earned $40,000 with the accounting firm We Keep Books Accurately. During the current year, Sam had revenues of $150,000 and total expenses of $110,000. Sam earned an A) accounting profit of $40,000. B) entrepreneurial profit of $40,000, but had an accounting loss. C) accounting profit of $40,000 and an entrepreneurial profit of $40,000. D) entrepreneurial profit of $40,000. E) Both A and D above are correct.

The objective of distributive negotiation is to achieve an efficient compromise by focusing on the distribution of outcomes as opposed to meeting the needs of the parties involved

Indicate whether the statement is true or false