Given the Following, Calculate the GDS Ratio A) 28%
B) 41%
C) 50%
D) 59%
E) 64

question 24

Multiple Choice

Given the following, calculate the GDS ratio. All income and expense items are annual. $$\begin{array} { | l | r | l | r | } \hline \text { Gross income } & \mathbf { \$ 4 8 , 0 0 0 } & \text { Bank account } & \mathbf { \$ 1 , 0 0 0 } \\\hline \text { Net income } & \$ 38,000 & \text { Property taxes } & \$ 2,400 \\\hline \text { Heating } & \$ 3,600 & \text { Annual car payment } & \$ 4,200 \\\hline \text { Credit card balance } & \$ 2,500 & \text { Car loan balance } & \$ 10,000 \\\hline \text { Student loan payments } & \$ 2,400 & \text { Mortgage payments } & \$ 18,000 \\\hline\end{array}$$

• A) 28%
• B) 41%
• C) 50%
• D) 59%
• E) 64%

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Definitions:

Path-Goal Theory

A leadership theory that suggests the leader's role is to guide followers in achieving their goals and to provide the necessary direction and support to ensure that their goals are compatible with the overall objectives of the group or organization.

Achievement-Oriented Leadership

A leadership style focused on setting challenging goals, emphasizing excellence, and working towards achieving high performance levels.

Path-Goal Leadership Theory

A theory which states that a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates, and involves adjusting leadership styles based on situational demands and follower characteristics.

Directive Leadership

A management style where leaders closely control and instruct the work of their employees, often dictating the what, how, and when of tasks.