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Identify at Least Three of the Primary Leadership Approaches

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Essay

Identify at least three of the primary leadership approaches. Choose one and explain the thinking behind it. Then name as many leadership skills as you can.


Definitions:

Implicit Cost

A cost that does not require the outlay of money; it is measured by the value, in dollar terms, of forgone benefits.

Explicit Cost

A cost that requires an outlay of money.

Economic Profit

Revenue minus the opportunity cost of resources used; usually less than the accounting profit.

Accounting Profit

Revenue minus explicit cost.

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