Personality Traits Enhance Managerial Effectiveness in All Situations

question 68

True/False

Personality traits enhance managerial effectiveness in all situations.

Recognize the impact of mere exposure on preferences and likings.

Understand the concept and examples of social loafing and its effects on group work.

Understand the concepts of different types of distributions (neokurtic, platykurtic, leptokurtic) and their characteristics.

Grasp the concept of sampling distribution and the importance of standard error.

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Definitions:

Illusory Promise

signifies a statement that appears to be a promise but does not actually bind the party making it to a particular action or outcome, thus lacking the substance necessary for a valid contract.

Real Obligation

A legal obligation that is tied to a specific property, requiring the fulfillment of some duty relative to that property.

Unilateral Contract

A contract in which one party makes a promise in exchange for the other party's act, rather than a promise in return.

Gratuitous Promise

A promise made without requiring some benefit or thing of value in return; not enforceable as a contract because it lacks consideration.