Fiedler's Contingency Model of Leadership Effectiveness Claims That There Are

question 55

True/False

Fiedler's Contingency Model of Leadership Effectiveness claims that there are two important dimensions to every leadership situation: the level of leader charisma and the level of leader power..

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Definitions:

Linear Marginal Cost

A situation where the additional cost of producing one more unit of output is constant, regardless of the quantity produced.

Sunk Costs

Expenses that have already been incurred and cannot be recovered or refunded.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.

Explicit Costs

Input costs that require an outlay of money by the firm