Examlex
Suppose a mechanic uses $150,000 of his own money to start a business. The rate of interest he could earn in a savings account is 5 percent, and the rate of interest he could earn by investing in bonds is 8 percent. What is the opportunity cost of capital when the mechanic uses his money to start his own business?
Altruistic
Describes behavior or actions motivated purely by the desire to help others, without expecting any reward or benefit in return.
Performance-Oriented Values
Cultural, organizational, or personal values that emphasize achieving results, efficiency, and effectiveness.
GLOBE Study
A research project focusing on leadership and organizational behavior across different cultures and nations, examining the impact of cultural variables on leadership efficacy and organizational success.
Performance Orientation
A focus or emphasis on the achievement, outcomes, and results of work or tasks, often prioritized in organizational settings.
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