Costs Incurred as a Result of Past Irrevocable Decisions and Irrelevant

question 61

Multiple Choice

Costs incurred as a result of past irrevocable decisions and irrelevant to future decisions are called

• A)opportunity costs.
• B)sunk costs.
• C)incremental costs.
• D)marginal costs.

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Definitions:

Follower Performance

Refers to the outcomes, behaviors, and contributions of individuals who are guided or directed by a leader within an organizational context.

Transactional Leadership

A leadership style focused on exchanges between leaders and followers, where compliance is rewarded, and noncompliance may be punished.

Leader Evaluations

The assessment of an individual's performance and qualities in a leadership role.

Charisma

Charisma means possessing a compelling attractiveness or charm that can inspire devotion in others, often seen in leaders.