Based on sociocultural theory, Leadership is best defined by our text as "<u>the ability to influence a group toward the achievement of a vision or set of goals."</u>
<h3>Characteristics of Leadership</h3>
Leadership has been found to have some of the following features:
- Effective communication
- Empathy
- Confidence
- Integrity
- Delegation
- Self-Awareness
- Motivation
- Charisma, etc.
All of the characteristics above are combined by leaders to influence followers toward accomplishing objectives, goals, or a vision.
Hence, in this case, it is concluded that the correct answer is option B. "<u>the ability to influence a group toward the achievement of a vision or set of goals."</u>
Learn more about Leadership here: brainly.com/question/12522775
Answer:
Interest expense and a realized gain.
Explanation:
Given:
Crawford Inc. has bonds outstanding during a year in which the general (risk-free) rate of interest has risen. Crawford elected the fair value option for the bonds upon issuance.
Solution:
The company will report Interest expense and a realized gain for the bonds in its income statement for the year.
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Answer:
The correct answer is that Mark's opportunity cost of holding cash is higher
Explanation:
Opportunity cost is nothing but the value of the next best alternative that a person has given up , when that person had the choice of selecting between any number of options. You will not find this cost to be shown in your financial statements or balance sheets but this cost is very important in telling which option is the best to use or more profitable for a person or company.
In this question the reason why Mark uses ATM more frequently is because for him the opportunity cost for him in holding more money in hand is high as compared to the Jim whose opportunity cost of holding more money in hand is less , which means he is not not going to miss out on much of the opportunity. The reason why the opportunity cost is high for Mark is because of high rate of interest in his country , if Mark holds more money in hand then the amount of money he is going to lose on interest that he would have gained by keeping the money in bank will be high which means his opportunity cost of holding money is high.