An Explicit Cost Is

question 80

Multiple Choice

An explicit cost is

• A)a nonmonetary opportunity cost.
• B)a cost specifically related to government rules and regulations.
• C)a cost that involves spending money.
• D)a cost unique to corporations.

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Definitions:

Future Orientation

A psychological perspective that involves thinking about and planning for the future, emphasizing long-term goals and outcomes.

Planning

The process of setting goals, defining strategies to achieve those goals, and outlining tasks and schedules to implement the strategies.

Path-Goal Theory

This leadership model posits that the leader's main job is to assist followers in attaining their goals and to provide direction or support needed to ensure their goals are compatible with the organization's objectives.

Global Leader Behavior

The actions and strategies employed by leaders operating in an international context, to effectively manage, motivate, and communicate across cultural boundaries.