Economists Generally Assume That

question 35

Multiple Choice

Economists generally assume that

• A)firms act to maximize the dividends paid to stockholders
• B)households act to maximize their wealth
• C)households act to maximize utility
• D)firms act to maximize revenue
• E)both households and firms act to minimize expenditures

---

Definitions:

Leadership Behavior

The actions or conduct demonstrated by a leader, influencing the group's activities and direction.

Follower Attitudes

The perceptions, feelings, and behavioral tendencies that individuals who are led by others hold towards their leaders, work, and organizational environment.

Managing Diversity

The practice of recognizing, valuing, and effectively leveraging different cultural, ethnic, gender, and other differences in an organization to achieve a competitive advantage.

Cultural Values

The deeply ingrained principles and standards that influence behaviors and beliefs within a specific community, society, or organization.