The Contingency Approach to Understanding Leadership Started

question 34

Multiple Choice

The contingency approach to understanding leadership started:

• A)in the 1960s
• B)during the scientific revolution
• C)during World War II
• D)when the trait approach failed to yield results

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Definitions:

Optimal Amount

The most efficient, beneficial, or ideal quantity of a good, service, or resource allocation under given circumstances.

Perfectly Elastic

Describes a situation in economics where the quantity demanded or supplied changes infinitely in response to any change in price.

Interest-Rate Cost-Of-Funds

The cost incurred by financial institutions to raise funds that they can then lend to customers, influenced by prevailing interest rates.

Market Interest Rates

The prevailing rate at which borrowers and lenders agree to engage in transactions of debt securities in the financial markets.