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According to Fiedler's contingency theory of leadership,what are the primary factors that should be considered when moving leaders into situations appropriate for their leadership styles? Briefly describe the factors.
Quantity Demanded
The total amount of a good or service that consumers in a market are willing and able to purchase at a given price over a specified period of time.
Surplus of Labor
A situation where the supply of labor exceeds the demand for it, often leading to unemployment or underemployment.
Minimum Wages
The lowest legal wage that can be paid to workers, set by government laws to protect employees from unduly low pay.
Structural Unemployment
A type of unemployment that results from a mismatch between the skills that workers offer and the skills demanded by employers.
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