In a Major Review in 1948, Stogdill Suggested

question 14

Multiple Choice

In a major review in 1948, Stogdill suggested

• A) No consistent set of traits differentiates leaders from non-leaders.
• B) Leadership traits are independent of situation factors.
• C) Extraversion is a definitive leadership trait.
• D) A consistent set of traits differentiates leaders from nonleaders.

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Definitions:

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders.

Initial Value Method

A method of accounting in which an investment is initially recorded at its cost without adjusting for changes in the market value over time.

Net Income

The conclusive profit of a corporation once revenue has had taxes and expenses subtracted from it.

Common Stock

A type of equity security that represents ownership in a corporation, with holders possibly entitled to dividends and voting rights in some corporate matters.