Question

After suffering a loss in revenue, the accounting department of a large firm gains importance in determining critical financial policies for the upcoming year. This is best classified as power stemming from _____.

a) managing critical problems
b) ownership
c) capitalizing on opportunity
d) being close to power

Answer 1

Answer: (C) Capitalizing on opportunity

Step-by-step explanation:

According to the given question, the capitalizing on opportunity is the term which is used to refers to the advantage of the given situation or type of opportunity. By using the following ways we can easily the opportunity in terms of business are as follows:

• Financial preparation is one of the important factor that helps in capitalizing the growth of the business
• Identifying the actual requirement of the customers
• Understanding all marketing function

Capitalizing an opportunity helps in determining the all the financial related policies of the firm and also reduce the loss of the revenue in an organization.

Therefore, Option (C) is correct answer.

Answer 2

A. Managing Critical problems

Step-by-step explanation:

The effect of the loss in revenue suffered by the firm helped the accounting department of the organisation gain importance in determining critical financial policies for the subsequent year. This can be classified as power stemming from managing critical problems because the experience the organisation had and how it was able to manage it had allowed the accounting department gain more knowledge and plans on how to be proactive so that it will be possible to avoid such situations in the future.

Hence the best option is A. power stemming from Managing critical problem