Leadership Styles Can Be Thought of as a Continuum from High

question 11

Multiple Choice

Leadership styles can be thought of as a continuum from high leader influence to low leader influence.High leader influence is associated with Authoritarian styles,while little or no leader influence is ______ style.

• A)Theory X
• B)democratic
• C)Theory Y
• D)laissez-faire

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Definitions:

Beginning inventory

This is the value of all the inventory (raw materials, work-in-process, and finished goods) that a company has at the start of an accounting period.

LIFO

An inventory valuation method that assumes the last items placed into inventory are the first ones sold; stands for Last In, First Out.

Cost

A payment of cash (or a commitment to pay cash in the future) for the purpose of generating revenues.

Ending merchandise inventory

The final value of goods available for sale at the end of an accounting period, calculated as beginning inventory plus purchases minus cost of goods sold.