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According to path-goal theory, a leader who lets subordinates know what is expected of them, gives specific guidance as to how to accomplish tasks, schedules work to be done, and maintains definitive standards of performance for subordinates is exhibiting leadership.
Fixed Expenses
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.
Break-even Sales
The amount of revenue needed to cover both fixed and variable costs, resulting in neither profit nor loss.
Foreign Division
A segment of a business that operates in a country other than the company's home country, handling operations outside the domestic sphere.
Fixed Expenses
Expenses that do not change in total over a short period of time, regardless of the level of outputs or activity levels.
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