Costs Incurred to Reduce Opportunistic Behaviour Plus the Costs of Opportunistic

question 24

Multiple Choice

Costs incurred to reduce opportunistic behaviour plus the costs of opportunistic behaviour that it is not economic to eliminate are known as:

• A) political costs
• B) bonding costs
• C) agency costs
• D) opportunity costs

Distinguish between transformational and transactional leadership styles.

Comprehend how cultural dimensions influence leadership behavior and organizational practices.

Recognize the importance of diversity and synergy in leadership and organizational success.

Appreciate the impact of cultural values on leadership effectiveness and follower's acceptance.

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Definitions:

Leadership

The action of leading a group of people or an organization, or the ability to do this.

Ethics Training

Programs designed to educate employees about the principles of moral behavior and decision-making in the workplace.

Ethical Standards

The principles that guide behaviors and decisions based on what is morally right and wrong.

Structured Program

A framework designed for developing software that consists of clearly defined steps or modules, making code easier to write, understand, and maintain.