Explain the key components of the path-goal theory of leadership
What will be an ideal response?
Answer: The key question addressed by this theory is how much help a manager should provide to employees. The theory proposes the level of involvement should vary according to how much subordinates need to perform a specific task; how much they expect, in general; and how much support is available to them from other organizational sources. The key task characteristics of the model are structure and difficulty. A task that is highly structured and relatively easy to perform does not require extensive management direction. On the other hand, for an unstructured and difficult task, management's direction and involvement in problem-solving activities will be seen as constructive and satisfying by subordinates. Another factor that influences the appropriate degree of management involvement is the expectations of subordinates. Three characteristics influence expectations: desire for autonomy, experience, and ability. Although managers should focus on facilitating task accomplishment, their level of direct involvement should be calibrated to the nature of the work and the availability of organizational support, as well as the ability and experience of the subordinates. See Figure 2 and Table 3 for additional information.
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A project team assesses their primary risk factor's probability of failure with a maturity risk of 0.3, a complexity risk of 0.7, and a dependency risk of 0.8. The probability of failure is:
A) Less than or equal to 0.3. B) Greater than 0.3 but less than or equal to 0.55. C) Greater than 0.56 but less than or equal to 0.89. D) Greater than or equal to 0.9.
Under a carbon tax system, the price of emissions is
A) the tax rate set directly by the regulatory authority. B) decided by the emitters. C) determined by the fraction of total carbon assignable to the company. D) agreed upon by all firms competing for the same pool of customers.