Which of the Following Statements Is True of Mental Models

question 37

Multiple Choice

Which of the following statements is true of mental models?

• A) A leader's assumptions naturally are not part of his or her mental model.
• B) A leader is usually not aware of his mental models.
• C) Personal values, attitudes, biases, and prejudices can all affect one's mental model.
• D) A leader creates an effective mental model by viewing the elements of a system as separate components.

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Definitions:

Sole Proprietorship

A firm with a single owner who has the right to all profits but who also bears unlimited liability for the firm’s losses and debts.

Personal Liability

An individual's legal responsibility to settle a debt or fulfill an obligation from their own assets, as opposed to the liabilities being limited to business assets.

Business Organization

A legal entity formed to conduct business activities, ranging from sole proprietorships to corporations, structured according to law and operational needs.

Household Income

The combined gross income of all members of a household, encompassing wages, salaries, benefits, and other income sources before taxes.