Gary Recently Noticed That the Plant He Is Managing Is

question 15

Multiple Choice

Gary recently noticed that the plant he is managing is delivering only 30% of its products on time. To determine the reason for the problem, he assembles various department heads and the plant supervisor to get their input on the matter. Although the ultimate responsibility is his, he has no difficulty delegating decision-making authority to any member of this group. This style of leadership suggests that Gary is which type of leader?

• A) participative
• B) authoritative
• C) autocratic
• D) dependent

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Definitions:

Cost

Cost is the amount of money required to purchase, produce, or maintain something, encompassing both direct expenses and indirect expenditures.

Transaction Costs

Expenses incurred in buying or selling a good or service, including search and information costs, bargaining costs, and enforcement costs of policies.

Efficient Solution

An outcome where resources are allocated in the most effective manner, maximizing benefits and minimizing costs or waste.

Social Benefit

The total advantage or positive impact on society from an action or policy, including both direct effects and externalities.