Consider the Following Explanations for Why Certain People Are More

question 60

Multiple Choice

Consider the following explanations for why certain people are more likely to become leaders than others.Which one has the most empirical support?

• A) People rise to leadership positions through coercion, deception, and manipulation.
• B) One of the most important determinants of leadership is expertise and skill relevant to the goals of the group.
• C) People who foster competition among group members increase their chances of rising to positions of leadership.
• D) None of the choices has empirical support.

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Definitions:

Effective Tax Rate

The average percentage of income that a business or individual pays in taxes, calculated by dividing total tax expense by taxable income.

FIFO Method

An inventory valuation method where the first items placed in inventory are the first sold, standing for First-In, First-Out.

Average-Cost Method

An inventory valuation method that determines the cost of goods sold and ending inventory value by computing the average cost of all similar items.

Ending Inventory

The value of goods available for sale at the end of an accounting period, after accounting for purchases and sales.