The Four Key Elements of the Definition of Leadership Used

question 54

Multiple Choice

The four key elements of the definition of leadership used in the text are

• A) Trait, goal, emergent, expert
• B) Process, influence, group, goal
• C) Values, ethics, process, performance
• D) Capability, competency, skill, relationship

---

Definitions:

Residual Income

Residual income is the profit remaining after deducting all required costs of capital from operating income.

Margin

Typically refers to the difference between the selling price of a product and its cost, used to measure profitability.

Turnover

The rate at which inventory or assets are sold and replaced or the rate at which employees are replaced in a business.

Residual Income

The amount of income that an investment or project generates above the minimum rate of return.