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Employees in your department have not been following safety rules as they should. The manager has not done anything about it, so you have decided to talk to him about it. Which of the following guidelines for effective followership are you using? a. offer support to leader
b. take initiative
c. play counseling and coaching roles to leader when appropriate
d. raise issues and/or concemswhen necessary
e. seek and encourage honest feecthack from the leader
f. clarify your role and expectations
g. show appreciation
h. keep the leader informed
i. resist inappropriate influence of leader
Perfect Competition
A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product, leading to price-taking behavior.
Market Price
The existing rate at which an asset or service may be acquired or disposed of on the market.
Utility Consumption
The enjoyment or satisfaction gained by using a good or service.
Factor Markets
Markets where resources, such as labor, capital, and land, are bought and sold.
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