When the Trait Theory Was Applied to an Organization,the Results

question 41

True/False

When the trait theory was applied to an organization,the results were found to be positive simply because all managers think they know what the qualities of a successful leader are.

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Definitions:

Allocative Inefficiency

A situation where resources are not distributed optimally, resulting in lost potential for producing welfare or value.

Marginal Cost

The cost incurred by producing one more unit of a good or service.

Marginal Benefit

The added utility or joy gained by consuming an extra unit of a product or service.

Isometric

Pertaining to exercises or muscle actions where the muscle length does not change during contraction, often used for strength training.