Managerial Leadership Is Defined as the Process of Influencing Others

question 82

Multiple Choice

Managerial leadership is defined as the process of influencing others to understand and agree about what needs to be done and the process of _____.

• A)minimizing the impacts of environmental change on the organization
• B)creating a vision and a strategic plan for an organization
• C)motivating others to achieve extraordinary levels of performance
• D)facilitating individual and collective efforts to accomplish shared objectives
• E)striving for constructive change by setting a direction for the future

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Definitions:

Mark-up

The amount added to the cost price of goods to cover overhead and profit; typically expressed as a percentage of the cost.

Unit Cost

Unit cost is the total expense incurred to produce, store, and sell one unit of a product or service, including both fixed and variable costs.

Operating Profit

Income from business operations after operating expenses are subtracted from gross profits, but before taxes and interest expenses.

Operating Expense

ongoing costs for running a product, business, or system.