Which of the Following Statements Regarding Leadership Is True

question 22

Multiple Choice

Which of the following statements regarding leadership is true?

• A) All leaders are managers.
• B) Formal rights enable managers to lead effectively.
• C) All managers are leaders.
• D) All leaders are hierarchically superior to followers.
• E) Nonsanctioned leadership is as important as or more important than formal influence.

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Definitions:

Disposable Income

The collective fiscal pool available to households for spending and saving post income tax engagements.

Induced Consumption

The concept in Keynesian economics referring to the portion of consumer spending that increases with income. Higher income levels tend to lead to higher consumer spending.

Disposable Income

The total financial resources available to people or households for savings and expenses after subtracting income tax.

Saving

The process of setting aside a portion of current income for future use, either by depositing it into a bank or purchasing a financial asset.