The Original GLOBE Theoretical Model Includes All of the Following

question 6

Multiple Choice

The original GLOBE theoretical model includes all of the following aspects EXCEPT:

• A)over time,founders and subsequent organizational leaders respond to organizational culture and alter their behaviors/leaderships styles.
• B)leader acceptance is a function of the interaction between CLT's and leader attributes and behaviors.
• C)leader strength is based on strong relationships inside and outside the groups.
• D)acceptance of the leader by followers facilitates leader effectiveness.
• E)leader effectiveness,over time,will increase leader acceptance.

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Definitions:

Total Cost

The complete cost of production, including both fixed and variable costs incurred in the creation of a good or service.

Purely Competitive Firm

A business operating in a market where there are many buyers and sellers, each with negligible impact on the price of goods and services.

Economic Profit

The variance between collective earnings and complete expenditures, encompassing both overt and covert costs.

Normal Profit

The minimum amount of profit needed for a company to remain competitive in the market; it equals the total opportunity costs of a firm.