Which factor is considered in both path-goal theory and situational leadership?

The choice regarding subordinates' characteristics is correct because both path-goal theory and situational leadership emphasize the importance of understanding the needs and traits of followers in order to enhance their motivation and performance.

In path-goal theory, leaders are encouraged to adapt their styles based on the characteristics of their subordinates, such as their abilities, experience, and motivation. By doing so, leaders can clarify paths to goals and remove obstacles, thereby increasing follower satisfaction and performance.

Similarly, situational leadership underscores the need for leaders to assess the development level of their followers and adjust their leadership style accordingly. This approach considers factors such as the readiness and competence of team members, which directly ties into their characteristics.

The other options do not fit into both theories as closely. While there may be some indirect relevance to financial acumen or organizational hierarchy in specific contexts, they are not primary factors considered in adjusting leadership style in either theory. External competition, while relevant in a broader business context, does not specifically pertain to the dynamics of follower characteristics in these leadership models.