A Major Difference Between the Behavioural Approach and the LPC

question 33

Multiple Choice

A major difference between the behavioural approach and the LPC theory of leadership is that

• A) the behavioural approach allows for the complex nature of a leader's personality.
• B) the behavioural approach views the task-oriented and relationship-oriented traits of a given individual as constant.
• C) the LPC theory contends that a leader's effectiveness depends on the situation.
• D) the LPC theory views the task-oriented and relationship-oriented traits of a given individual as variable.
• E) the behavioural approach presumes that a task-oriented leader will usually outperform a relationship-oriented leader.

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Definitions:

Retained Earnings

The portion of a company’s profits that is kept or retained and not distributed to shareholders as dividends.

General Reserve

Funds set aside from profits for undisclosed general purposes, serving as a buffer for future financial uncertainties or for any identified but not immediate needs.

Joint Ventures

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project, sharing both the profits and risks.

AASB 128/IAS 28

A standard specifying the accounting treatment for investments in associates and joint ventures, focusing on the application of the equity method.