When a Good Is Rival and Excludable,it Is a

question 68

Multiple Choice

When a good is rival and excludable,it is a

• A)natural monopoly.
• B)public good.
• C)regulated good.
• D)private good.
• E)common resource.

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Definitions:

Subordinate Expectations

The beliefs and assumptions employees have regarding the behavior, actions, and support they expect to receive from their supervisors or managers.

Leader Substitutes Theory

A theory suggesting that certain characteristics of the situation or the followers can diminish or replace the need for leadership.

Hierarchical Leadership

A leadership structure where decision-making and authority flow from the top down, within clearly defined ranks and positions.

Capable Substitutes

Effective alternatives or replacements that possess the necessary skills or attributes to fulfill a specific role or task.