The ________ Approach Began in the Early 1950s After Many

question 60

Multiple Choice

The ________ approach began in the early 1950s after many researchers became discouraged with the ________ approach and began to pay closer attention to what managers actually do on the job.

• A) behavior; trait
• B) power-influence; situational
• C) trait; behavior
• D) situational; power-influence

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Definitions:

Value Added

Describes the additional worth created at each stage of production or distribution, calculated as the difference between the cost of inputs and the price of outputs.

Transaction Costs

Expenses incurred during the process of buying or selling goods or services, not including the price of the products themselves.

Product Manufactured

Goods that have been created through a process of transformation from raw materials to finished items.

Net Exports

The value of a country's total exports minus its total imports.