A Willingness to Experiment Is Usually Too Risky for Effective

question 49

True/False

A willingness to experiment is usually too risky for effective leadership.

---

Definitions:

Behavioural Approach

A method in psychology and management focusing on understanding and influencing human behavior through observation and empirical data.

Contingency Approach

A management theory stating that the best decisions are contingent on the situation and various variables involved.

External Cost

Costs incurred by third parties as a result of an economic transaction, which are not reflected in the transaction's market price, often necessitating government intervention.

Social Cost

The total cost to society, including both private costs incurred by individuals and external costs not accounted for by the market.