Which of the Following Statements Is True of Leadership and Management

question 49

Multiple Choice

Which of the following statements is true of leadership and management?

• A) Leadership and management have both unique functions and an area of overlap.
• B) A good leader can be a good manager,but the reverse is never true.
• C) Leadership and management are not related due to diverse goals.
• D) Leadership and management are effectively the same for all practical purposes.

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Definitions:

Break-even Point

The point at which total revenues equal total costs, and the business makes neither a profit nor a loss.

Fixed Expenses

Fixed expenses that are unaffected by the volume of manufacturing or sales activities, and include items like rental costs, employee salaries, and premiums for insurance.

Monthly Advertising Budget

The allocated amount of spending for advertising activities planned for a month.

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross profit but before interest and taxes.