Doing Nothing Would Yield How Much Profit If Favorable Market

question 17

Multiple Choice

Doing nothing would yield how much profit if favorable market conditions prevail according to the following decision table $$\begin{array} { | l | l | l | } \hline \text { Alternative } & \text { Favorable market } & \text { Unfavorable Market } \\\hline \text { Do Nothing } & \$ 20,000 & - \$ 10,000 \\\hline\end{array}$$

• A) $5,000
• B) $20,000
• C) -$10,000
• D) $0
• E) unable to determine

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Definitions:

"Old-Fashioned" Hard Work

The concept of diligently applying effort and persistence in tasks or responsibilities, often with a traditional or straightforward approach.

Effective Leadership

The ability of a person to inspire and motivate others towards the achievement of goals, marked by strong communication, decisiveness, and strategic thinking.

Fiedler

Refers to Fiedler's contingency theory, which posits that leadership effectiveness is contingent upon the leader's style of interaction with group members and the degree of control the leader has over the situation.

Hersey-Blanchard

A situational leadership model developed by Paul Hersey and Kenneth Blanchard that suggests the best leadership style is contingent on the level of followers' maturity.