If a Company Achieves a Small Increase in Its Gross

question 88

Multiple Choice

If a company achieves a small increase in its gross profit percentage from one year to the next,the company:

• A)will always have a higher net income.
• B)must be obtaining products at a lower cost per unit.
• C)must have increased its sales revenue.
• D)none of the answers are acceptable.

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Definitions:

Trait Approach

A leadership perspective focusing on individual leaders' personal attributes and characteristics, which are believed to contribute to effective leadership.

Skills Approach

A perspective on leadership that emphasizes the abilities, knowledge, and skills that can be developed and the importance of specific competences for effective leadership performance.

Leaders Born

The idea that leadership qualities are innate, suggesting that some individuals are naturally predisposed to be leaders.

Trait Approach

A theory in psychology and leadership studies that attributes successful leadership to a combination of specific personality traits and characteristics.