A Monopoly May Exist Because

question 178

Multiple Choice

A monopoly may exist because

• A)government has refused to grant a public franchise.
• B)one firm has the exclusive ownership of a necessary resource.
• C)the firm is so large and is currently experiencing such vast diseconomies of scale that it can out-compete all newcomers.
• D)a and b
• E)a, b, and c

Analyze the strength and criticisms of path-goal theory and understand its empirical support.

Apply path-goal theory to practical leadership situations and assess its practical implications.

Distinguish between the different task characteristics (complex, ambiguous, challenging, mundane) and their implications for leadership styles.

Relate path-goal theory to other leadership theories such as situational approach and Mumford's Skills Model.

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Definitions:

Collective Action

Efforts by groups to resist and change the status quo in the service of group goals.

Individual Mobility

The ability of an individual to move within or between social strata in a society.

Group Distancing

The process by which individuals or groups distance themselves from other groups, especially those considered to be of lower status or incompatible.

Self-Esteem

Self-esteem is the subjective evaluation of one's own worth, including feelings of confidence, competence, and self-respect.