Which of the Following Best Defines the Role of Leaders

question 9

Multiple Choice

Which of the following best defines the role of leaders?

• A)They focus on short-term objectives. 
• B)They work on achieving primarily tactical goals. 
• C)They work solely toward day-to-day details of meeting specific tasks. 
• D)They inspire people to reach goals.

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Definitions:

Sunk Cost

Expenditures that have already been incurred and cannot be recovered, which should not affect future decision-making.

Opportunity Cost

Represents the benefit that is missed or given up when an investor, individual, or business chooses one alternative over another.

Ticket Price

The cost associated with purchasing a ticket to gain entry to an event, performance, or mode of transportation.

All You Can Eat

A service model where diners pay a set fee to consume as much food as they desire from a specific selection.