Which of the Following Statements Is True Regarding the Situational

question 93

Multiple Choice

Which of the following statements is true regarding the situational approach to the study of leadership?

• A) it is superior to the trait approach to leadership
• B) it is based on the concept of mutual influence between the leader and the followers
• C) it assumes that leaders are a product of both their own abilities and of the specific characteristics of the situation
• D) a and b
• E) a and c

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Definitions:

Break-even Point

The point at which cost or expenses and revenue are equal, resulting in neither profit nor loss.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials.

Fixed Costs

Expenditures that do not change over a short period of time, regardless of the level of production or activity.

Break-even Point

The financial point at which total costs and total sales are equal, resulting in no net loss or gain for the business.