Which of the Following Statements Regarding Leadership Is True

question 22

Multiple Choice

Which of the following statements regarding leadership is true?

• A) All leaders are managers.
• B) All managers are leaders.
• C) All leaders are hierarchically superior to followers.
• D) Formal rights enable managers to lead effectively.
• E) Nonsanctioned leadership is as important as or more important than formal influence.

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Definitions:

Partnership Liability

The legal responsibility of each partner in a partnership for the debts and obligations of the business, which can extend to their personal assets depending on the type of partnership.

Partnership Debts

Financial obligations that are the responsibility of a business partnership, shared among partners according to the terms of the partnership agreement.

Ex-Partner

Describes a person who was formerly in a romantic or business partnership with someone.

Liability

The legal responsibility or obligation one party has towards another, particularly in the case of negligence or breach of contract.