Use the Figure Below to Answer the Following Question

question 13

Multiple Choice

Use the figure below to answer the following question.

Figure 2.1.6
-To describe preferences,economists use the concept of

• A)opportunity cost.
• B)scarcity.
• C)marginal benefit.
• D)marginal cost.
• E)none of the above.

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Definitions:

Participative Leadership

Participative leadership focuses on consulting with subordinates and seeking and taking their suggestions into account before making decisions.

Democratic Leadership

A leadership style where all members of a group participate in decision-making processes.

Supportive Leadership

A leadership approach that emphasizes showing concern for followers' well-being and needs, fostering a supportive and encouraging work environment.

Goal-setting

The process of identifying something that you want to accomplish and establishing measurable objectives and timeframes.