Use the Fact Situation in Q1 to Answer the Related

question 30

Multiple Choice

Use the fact situation in Q1 to answer the related question that follows. Assuming that both the Royal Bank and the TD Canada Trust mortgage were registered on title to George's home,the equity in the home would be

• A)$450 000.00
• B)$250 000.00
• C)$700 000.00
• D)$50 000.00
• E)$750 000.00

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Definitions:

Great Person Approach

A theory in leadership that assumes that outstanding leaders are born, not made, and have inherent traits that make them effective.

Trait Approach

A theory of leadership that suggests certain qualities or characteristics are inherent in good leaders.

Skills Approach

A perspective on leadership that emphasizes the importance of acquiring and developing specific skills and abilities for effective leadership.

General Cognitive Ability

The overall mental capacity of an individual, including the ability to reason, plan, solve problems, think abstractly, comprehend complex ideas, learn quickly, and learn from experience.