Which of the Following Is a Substitute for Leadership

question 4

Multiple Choice

Which of the following is a substitute for leadership?

• A) external feedback
• B) training
• C) high need for supervision
• D) lack of experience
• E) ambiguous task

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Definitions:

Incidence

Refers to how the burden of a tax is distributed between buyers and sellers in the market.

Efficiency Loss

The loss of economic efficiency that can occur when the equilibrium for a good or service is not achievable or not achieved.

Excise Tax

A tax charged on specific goods and services, such as tobacco, alcohol, and gasoline, typically imposed at the manufacturing or production level.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied responds infinitely to changes in price.