Transactional Leadership

question 24

Multiple Choice

Transactional leadership:

• A) occurs when a person possesses authority not because of tradition,but because of the laws that govern the position occupied.
• B) serves to change the status quo by appealing to followers' values and their sense of higher purpose.
• C) occurs when the traditions of society dictate who has authority and how this authority can be used.
• D) occurs when leaders and followers are in some type of exchange relationship in order to get needs met.

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Definitions:

Direct Labor Hours

The cumulative hours employees engaged in manufacturing products or delivering services have worked.

Applied Overhead Rate

A predetermined rate used to allocate manufacturing overhead costs to individual units of output.

Manufacturing Overhead Application Rate

The rate used to allocate manufacturing overhead costs to individual units of production, based on a chosen activity base.

Machine Cost

The total expenditure associated with acquiring and preparing a machine for its intended use.