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The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows: Suppose researchers are going to sample employees from the company for further study. Based on the relative frequency assessment method, what is the probability that a randomly selected employee will have a 401(k) account balance less than $150,000?
Authority, Consultative
A management style where decision-making is shared among leaders and followers, but the ultimate authority rests with the leaders who solicit and consider input from subordinates.
Path-Goal Leadership Theory
A theory that suggests leaders can increase subordinate satisfaction and performance by clarifying the paths to goals and removing obstacles to performance.
Supportive Leadership Style
A leadership approach focusing on the well-being of employees, encouraging participation and providing necessary support.
Path-Goal Leadership Theory
An approach suggesting that a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates.
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