According to David McClelland, Institutional Managers

question 225

Multiple Choice

According to David McClelland, institutional managers

• A)are very concerned with how much others like them.
• B)have a high need for power.
• C)use their power to further their self-interests and work against organizational goals.
• D)adopt a directive and coercive leadership style.
• E)are more likely to succeed in public sector organizations.

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Definitions:

Comparative Advantage

A principle in economics that suggests a country or entity should produce goods and services for which it has a lower opportunity cost, allowing for more efficient international trade.

Bilateral Trade Surpluses

The condition where a country has a positive trade balance (exports exceed imports) with another specific country.

Imposes a Tariff

The action by a government to establish a tax on imported or, occasionally, exported goods.

Korean Imports

Goods and services bought by residents of a country from Korea, which could include electronics, vehicles, and other products.