Use the Figure Below to Answer the Following Questions

question 36

Multiple Choice

Use the figure below to answer the following questions. Figure 4.1.2
-Figure 4.1.2 illustrates a linear demand curve.If the price falls from $4 to $2,

• A)total revenue increases.
• B)total revenue decreases.
• C)total revenue remains unchanged.
• D)the quantity demanded increases by more than 10 percent.
• E)the percentage change in quantity demanded is more than the percentage change in price.

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Definitions:

Leadership Style

The approach and manner in which a leader directs, motivates, guides, and manages groups of people, influencing how they achieve objectives and shape organizational culture.

Fiedler's Contingency Model

A theory proposing that effective leadership depends on the situational context and the match between the leader’s style and specific situational variables.

Least-preferred Co-worker

A concept from the Fiedler contingency model referring to the person a leader has least preferred to work with, used to identify the leader's leadership style.

Leadership Style

Describes the approach or method a leader uses to provide direction, implement plans, and motivate people.