The Leader Irrelevance Theory Suggests That Factors Outside the Leader's

question 54

Multiple Choice

The leader irrelevance theory suggests that factors outside the leader's control

• A)work at cross purposes against the leader.
• B)have a larger impact on business outcomes than does the leader.
• C)are more relevant to group members than is the leader.
• D)point leaders in an unethical direction.

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Definitions:

Expected Profitability

An estimation of the future financial gains of a business or investment, based on analysis or trends.

Direct Materials Budget

A financial plan that estimates the raw materials required for production and the cost of these materials for a specific period.

Ending Direct Materials Units

The quantity of direct materials still on hand at the end of a production period.

Cash Budget

A financial plan that projects cash inflows and outflows over a specific period, helping businesses manage their liquidity.