What are the four dimensions of leader-member exchange? Which ones do you think are most important?
What will be an ideal response?
The four dimensions they developed are
Contribution: This dimension measures work performance, especially with regard to extra chores that are not part of the standard job description.
Affect: This dimension assesses the degree of friendship and liking.
Loyalty: This measures the fulfilling of mutual obligations and demonstrations of loyalty.
Professional Respect: The degree to which the interacting parties demonstrate respect for each others’ abilities.
The answers about which are most important will vary.
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Answer the following statement true (T) or false (F)
A change in estimate of an asset's residual value involves restating the income statements of past periods for the estimate change
a. True b. False Indicate whether the statement is true or false
Inquiry of the entity's personnel and analytical procedures are the primary bases for the issuance of a(n):
A. auditor's report on financial statements supplemented with price-level information. B. review report on comparative financial statements for a nonpublic company in its second year of operations. C. management advisory report prepared at the request of the entity's audit committee. D. compilation report on financial statements for a nonpublic company in its first year of operations.
The Fisher effect states that the real interest rate
A. is the only measure to use in calculating PPP. B. is the difference between the nominal rate and the inflation rate. C. is the nominal rate minus the expected inflation rate. D. is the nominal rate plus the recorded inflation rate.