The Trait Approach

question 91

Multiple Choice

The trait approach

• A) Takes situations into account
• B) Is highly objective
• C) Is quite useful for training programs
• D) Has not found one definitive list of leadership traits

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Definitions:

Mercantilist Economy

An economic theory and practice dominant in modern Europe, advocating for governmental regulation of a nation's economy to augment state power at the expense of rival national powers.

Traditional Economy

An economic system rooted in historic practices and customs, relying on barter and subsistence farming, often with minimal use of technology.

Command-based Economy

An economic system where production, investment, prices, and incomes are determined centrally by a government.

Discretionary Income

The amount of an individual's income that is left for saving, investing, or spending after taxes and basic necessities have been paid.