The Situational Approach

question 30

Multiple Choice

The situational approach

• A) Is irrelevant in modern day leadership
• B) Focuses on describing not prescribing leadership
• C) Is used widely in leadership training and development
• D) Determined that high-directive and high-supportive behaviors work best in all situations

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Definitions:

Liquid Investments

Investments that can be easily converted into cash without significantly affecting their market price.

Internal Controls

Procedures and policies implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Sarbanes-Oxley Act

A federal law in the United States enacted to protect investors by improving the accuracy and reliability of corporate disclosures.

Committee of Sponsoring Organizations

A voluntary private sector organization dedicated to providing guidance on risk management, governance, and internal control frameworks.