The Idea That Leadership Effectiveness Is Determined Both by the Personal

question 86

Multiple Choice

The idea that leadership effectiveness is determined both by the personal characteristics of leaders and the control afforded by the situation is most consistent with the

• A)contingency model.
• B)transformational model.
• C)expectancy theory.
• D)great person theory.

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Definitions:

Break-even Point

The level of sales or production at which total revenues equal total expenses, resulting in neither profit nor loss.

Variable Expenses

Costs that vary directly with the level of output or activity, such as materials and labor.

Operating Income

The profit realized from a business's operations after subtracting operating expenses from the gross profit.

Contribution Format

An income statement format that separates fixed and variable costs to highlight the contribution margin.