Describe the Three Situational Elements Under Fiedler's Contingency Theory That

question 158

Essay

Describe the three situational elements under Fiedler's Contingency Theory that can be described as either favorable or unfavorable.

---

Definitions:

Straight-Line Depreciation

is a method of calculating the depreciation of an asset by evenly spreading its cost over its useful life.

Residual Value

The anticipated amount an asset is expected to be worth when it is sold after reaching the end of its usability.

Units-of-Production Method

A depreciation approach based on the actual usage, operational output, or units of production of the asset, rather than on time alone.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life to account for the decrease in value over time.