The Informal Role of Leadership Occurs When an Emergent Leader

question 18

True/False

The informal role of leadership occurs when an emergent leader arises from a set of dynamics,rather than being officially assigned.

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Definitions:

Net Operating Income

The revenue from a business's operations after subtracting operating expenses, excluding taxes, and interest.

Common Fixed Expense

Costs that do not vary with production volume, and are shared among different products or business segments.

Contribution Margin Ratio

The portion of sales revenue left over after variable expenses have been deducted, expressed as a percentage of sales revenue.

Variable Expenses

Costs that vary in direct proportion to changes in an activity level or volume, such as raw materials and direct labor.