The Payment Made to an Owner of a Resource in Excess

question 64

Multiple Choice

The payment made to an owner of a resource in excess of the opportunity cost of the resource is

• A)economic rent
• B)economic profit
• C)wages
• D)interest
• E)opportunity cost

Identify the external and internal actions a leader can take to support team effectiveness.

Recognize the importance of a collaborative climate and unified commitment for team excellence.

Distinguish between the roles of internal task actions and relational leadership actions in team dynamics.

Describe the critical leadership functions for maintaining and improving team functionality.