Which of the Following Is a Feature of Democratic Leadership

question 73

Multiple Choice

Which of the following is a feature of democratic leadership?

• A)Encouraging employees to discuss concerns and provide inputs
• B)Using economic rewards as sole means to motivate employees
• C)Allowing employees complete autonomy to work on their own
• D)Monitoring employee actions very closely and in great detail
• E)Making decisions and telling employees what must be done and in what manner

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Definitions:

Economic Profits

The surplus remaining after total costs are deducted from total revenue, considering both explicit and implicit costs.

Economic Profit

The distinction in a corporation's gross income versus its overall charges, factoring in both apparent and assumed costs.

Zero Economic Profit

A situation where a company's total revenues exactly equal its total costs, implying normal profit but no economic profit above that.

Competitive Price-searcher Market

A market structure where companies have some control over the prices they charge but must also consider the prices set by their competitors.