In the Context of the Blake/Mouton Leadership Grid, Which of the Following

question 61

Multiple Choice

In the context of the Blake/Mouton leadership grid, which of the following is a similarity between leaders using the impoverished management leadership style and leaders using the authority-compliance leadership style?

• A) Both have a low concern for production.
• B) Both have a high concern for production.
• C) Both have a high concern for people.
• D) Both have a low concern for people.

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Definitions:

Cost Flow Assumption

An accounting method that determines the cost of goods sold and ending inventory valuation, examples include FIFO, LIFO, and weighted average.

LIFO

Last In, First Out, is an inventory valuation method assuming that goods purchased last are the first to be sold.

FIFO

First In, First Out, a method used in accounting to manage inventory and financial matters where the first items placed in inventory are the first sold or used.

Average Cost

A method of inventory valuation that calculates the cost of goods sold and ending inventory based on the weighted average cost of all goods available for sale.