Trait Leadership Theory,also Known as the "Great Man" Theory,contends That

question 71

Multiple Choice

Trait Leadership Theory,also known as the "Great Man" Theory,contends that

• A)democratic leaders are always best.
• B)charismatic leaders are always best.
• C)leaders are born,not made.
• D)leaders are made,not born.
• E)women cannot be effective leaders.

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Definitions:

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance premiums, remaining constant regardless of business activity.

Marginal Costs

The expense incurred by manufacturing an extra unit of a product or service.

Fixed Costs

Expenses that do not vary with the level of output or sales, such as rent, insurance, and salaries, distinguished by their consistency.

Marginal Costs

The extra cost incurred by producing one additional unit of a product.