In Fiedler's Contingency Theory,the Two Situational Factors That Determine the Favourability

question 82

True/False

In Fiedler's contingency theory,the two situational factors that determine the favourability of a situation are leader-member relations and task structure.

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Definitions:

Fixed Factors

Inputs in production that cannot be altered in the short term, such as buildings and machinery.

Output

The amount of goods and services produced by a business, industry, or economy.

Marginal Cost

The cost added by producing one additional unit of a product or service, important for decision-making in resource allocation.

Average Total Cost

The total cost of production divided by the quantity of output produced; it includes all fixed and variable costs.