Achievement-Oriented Leadership Differs from Participative Leadership in That Participative Leadership

question 131

Multiple Choice

Achievement-oriented leadership differs from participative leadership in that participative leadership emphasizes the:

• A) setting of challenging goals as a method to enhance employee proficiency.
• B) clarification of task objectives and expected rewards.
• C) need for continuous improvement in performance.
• D) importance of setting goals and raising performance aspirations.
• E) involvement of team members in decision making.

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Definitions:

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, measuring the performance of a firm beyond its opportunity costs.

Economic Profit

Economic profit is the difference between a firm's total revenue and its total costs, including both explicit and implicit costs, representing the excess over the firm's opportunity costs.

Implicit Costs

The firm’s opportunity costs of using resources owned or provided by the owner.

Explicit Costs

Dollar costs incurred by business firms, such as wages, rent, and interest.