A Firm's Net Income Last Year Was $2

question 85

Multiple Choice

A firm's net income last year was $2.65 million. Its net income grew 8 percent during the last "5" years. If that growth rate continues, how long will it take for the firm's net income to double?

• A) 6.6 years
• B) 7.1 years
• C) 8.2 years
• D) 9 years

Recognize the focus of the trait approach on leaders rather than followers or situations.

List and describe the Big Five Personality Factors.

Identify the five major traits associated with leadership as described in the Northouse text.

Understand the relationship between traits, talents, and strengths in the context of leadership.

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Definitions:

Fixed Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed, leading to a pattern of responses.

Variable Interval

Variable interval refers to a type of reinforcement schedule in operant conditioning where a response is rewarded after an unpredictable amount of time has passed, leading to a steady and resistant response rate.

Variable Ratio

A schedule of reinforcement where a response is reinforced after an unpredictable number of responses, making it highly resistant to extinction.

Fixed Interval

A reinforcement schedule where a reward is given after a predetermined time period has passed following a response.