Contingency Theory Argues That Managers Must Consider the Environment and Situation

question 37

True/False

Contingency theory argues that managers must consider the environment and situation when applying the universal principles of leadership.

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Definitions:

Positive Theory

A theory that aims to explain how things are, focusing on factual and objective analysis rather than on what should be.

Tax Policy

Refers to the government's approach to taxation, including the determination of tax rates, exemptions, and regulations affecting the tax liability of individuals and businesses.

Antitrust Laws

Regulations that prevent monopolies and promote competition among businesses.

Economic Matters

Issues and situations that involve the production, distribution, and consumption of goods and services.