Prior to the introduction path–goal theory, studies of leadership examined leaders and, to a lesser extent, followers. What new element did path goal theory introduce to the study of leadership?
What will be an ideal response?
Path goal theory takes into consideration the organizational setting (or work setting or task characteristics).
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What is scalability?
Which of the following persons is (are) insured under the uninsured motorists coverage of the PAP?
I. A pedestrian struck by a covered auto if he or she has no insurance to pay medical expenses II. The spouse of a named insured who is killed by an uninsured motorist A) I only B) II only C) both I and II D) neither I nor II
Sony, Inc. spent $1,000,000 of development cost for commercially feasible prototypes. If Sony follows IFRS not GAAP, then the $1,000,000 would:
A. be recorded as an asset. B. not be recorded. C. be recorded as an expense. D. be recorded as revenue.
Answer the following statements true (T) or false (F)
1. A common rule of thumb is that a company's acid-test ratio should have a value near or higher than 1 to conclude that a company is unlikely to face near-term liquidity problems. 2. Successful use of a just-in-time inventory system can narrow the gap between the acid-test and the current ratio. 3. A company's quick assets are $147,000 and its current liabilities are $143,000. This company's acid-test ratio is 1.03. 4. A company's current ratio is 1.2 and its quick ratio is 0.25. This company is probably an excellent credit risk because the ratios reveal no indication of liquidity problems. 5. The gross margin ratio is defined as gross margin divided by net sales.