The "Rule of 72" Allows a Quick Approximation of

question 8

Multiple Choice

The "Rule of 72" allows a quick approximation of

• A) equipment lives.
• B) the number of years it will take for something to double if it grows at a given percentage rate.
• C) whether economic conditions are better or worse than 1972.
• D) the number of months in an average cyclical expansion.

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Definitions:

Role Identities

The attitudes, behaviors, and conceptions about oneself associated with a particular social role.

Chaleff's Conception

The theory or idea proposed by Ira Chaleff focusing on the dynamics of followership and the importance of courageous followers.

Proactive

Denotes an approach that involves taking action in anticipation of future problems, needs, or changes rather than reacting to events after they occur.

Effective Follower

An individual who actively supports leaders and contributes to the achievement of goals with competence, commitment, and critical thinking.