Although There Are Clear Differences Between Management and Leadership

question 84

Multiple Choice

Although there are clear differences between management and leadership,

• A) There is little research to support one or the other
• B) Leadership is more valued than management
• C) The two constructs overlap
• D) Management is more valued than leadership

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Definitions:

Step-Variable Costs

Costs that remain fixed for certain levels of production or capacity but can change in steps when a critical level is surpassed.

Fixed Costs

Expenses that remain constant for a given period of time regardless of the level of outputs or activity.

Step-Fixed Costs

Costs that remain constant for a certain level of activity but jump to a higher level when activity increases beyond that threshold.

Production Line

A production line is an arrangement of machines and workers in a factory where a succession of operations is performed on a product to complete its manufacture.