The Leadership Perspective That Proposes That Universally Important Traits and Behaviors

question 58

Multiple Choice

The leadership perspective that proposes that universally important traits and behaviors do not exist and that effective leadership behavior varies from circumstance to circumstance is known as the

• A)situational approach.
• B)behavioral approach.
• C)trait approach.
• D)Vroom model of leadership.
• E)leader-member exchange theory.

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Definitions:

Consolidated Statements

Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as a single entity.

Retrospectively

Relating to the application of changes or the analysis of past events or periods in a manner that considers previous conditions or policies as if they were still in effect.

Individual Companies

Refers to separate, distinct legal business entities, as opposed to conglomerates or groups of companies under common ownership or control.

Retrospective Application Method

An accounting method that applies a new policy or correction as if it had always been in effect, adjusting past financial statements accordingly.