The Basic Premise of the Early Trait Approach to Leadership

question 98

Multiple Choice

The basic premise of the early trait approach to leadership was that

• A) leadership traits depended on the situation.
• B) unique leadership traits could be identified, and used to select leaders.
• C) traits could be used to predict appropriate management styles.
• D) traits were far less important than activities.
• E) traits were relatively volatile characteristics of individuals.

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Definitions:

Rule Of 70

A method used to estimate the number of years it will take for a variable to double, calculated by dividing 70 by the annual growth rate.

Interest Rate

The proportion of a specified sum that is added as a charge for borrowing it, usually stated as an annual rate.

Utility Function

A mathematical representation describing how a consumer ranks different bundles of goods according to levels of satisfaction.

Risk Averse

A preference for guaranteed outcomes over those with uncertainty, even if the uncertain outcomes might offer a higher expected return.