As the Accounting Industry Expands, the Demand for Certified Public

question 70

Multiple Choice

As the accounting industry expands, the demand for certified public accountants (CPAs) also increases, which causes the salaries of CPAs to increase. This is an example of

• A) diseconomies of scale.
• B) economies of scale.
• C) constant returns to scale.
• D) increasing marginal returns.

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Definitions:

Transactional Leadership

A leadership style focused on exchanges between leaders and followers, where compliance is rewarded, and noncompliance may be punished.

Leader Evaluations

The assessment of an individual's performance and qualities in a leadership role.

Charisma

Charisma means possessing a compelling attractiveness or charm that can inspire devotion in others, often seen in leaders.

Past Performance

A historical record of an individual's or organization's achievements, used as an indicator of future success.