Explain what situational approaches to leadership are and describe the most significant approaches within this perspective.

What will be an ideal response?


Situational approaches emphasize the importance of considering the nature of the environment, or situation, in which leadership is exercised. Important situational approaches include Fiedler's contingency model; Vroom, Yetton, and Jago's normative decision-making model of leadership; the path-goal model; and Hersey and Blanchard's situational leadership theory.

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In general, any partner can obligate the partnership to another party

Indicate whether the statement is true or false

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Goods that are already in existence but which are to be sold at a future date are known as future goods

Indicate whether the statement is true or false

Business

A subagent owes a fiduciary duty to both the agent and to the principal

a. True b. False Indicate whether the statement is true or false

Business

Federal law permits a partnership to be treated as an entity in suits in federal courts.

Answer the following statement true (T) or false (F)

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