Leaders Differ from Managers in That

question 39

Multiple Choice

Leaders differ from managers in that: 

• A) ​leaders solve problems so that others can do their work, whereas managers inspire and motivate others to find their own solutions. 
• B) ​leaders are concerned with expanding people's choices and options, whereas managers are concerned with control and limiting the choices of others. 
• C) ​leaders are more concerned with the means to get things done, whereas managers are more concerned with what work gets done. 
• D) ​leaders are critical to getting out the day-to-day work, whereas managers are critical to setting long-term goals.

---

Definitions:

Minimum Required Rate of Return

The minimum return on an investment that is deemed acceptable, based on the risk tolerance of an investor or a company.

Variable Cost per Unit

The cost associated with producing one unit of a product, which varies with the level of production or sales volume.

Annual Fixed Costs

The total fixed costs a company incurs over a year, which do not vary with the level of production or sales.

Return on Investment

A measure of the profitability and efficiency of an investment, calculated by dividing net profits by the cost of the investment.