Which of the Following Statements Regarding Leaders and Managers Is

question 10

Multiple Choice

Which of the following statements regarding leaders and managers is NOT true?

• A)A manager always has the ability to influence others; a leader may not.
• B)A manager has a formal title and authority.
• C)A leader may either be a manager or a nonmanager.
• D)All managers perform four major functions: planning, organizing, leading, and controlling.

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Definitions:

Expected Return

The anticipated profit or loss from an investment, taking into account the possibility of various outcomes.

Standard Deviation

A parameter that assesses the extent of difference or range within a batch of numerical values.

Risk-Averse Investor

An investor who prefers lower returns with known risks rather than higher returns with unknown risks.

Slope of the Budget Line

The rate at which one good can be traded for another, reflecting the relative prices of two goods.