It Is Common for Fashion Trends to Follow Celebrity Fashion

question 22

Multiple Choice

It is common for fashion trends to follow celebrity fashion choices. This is an example of:

• A) conspicuous consumption.
• B) focal point equilibrium.
• C) bounded rationality.
• D) inferring quality from price.

Understand the concept of emergent and dynamic leadership within teams.

Recognize the diverse types of leadership and their functions within an organization.

Identify the traits that do not exclusively predict effective leadership.

Understand the role of strategic leadership in shaping organizational futures.

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.