_____ Means That Senior Managers Are Honest and Trustworthy, Fair

question 86

Multiple Choice

_____ means that senior managers are honest and trustworthy, fair in their dealings with employees and customers and behave ethically in both their personal and professional lives.

• A) Ethical leadership
• B) Followership
• C) Corporate espionage
• D) Command-and-control approach
• E) Concern for production leadership

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Definitions:

Oligopoly

An oligopoly is a market structure characterized by a small number of firms dominating the market, where each firm has significant control over prices and other market factors.

Collusion

A non-competitive, secret, and often illegal agreement between rivals aiming to disrupt the market's equilibrium by controlling the market price, production, or marketing of goods and services.

Empty Threat

In a sequential game with two players, a noncredible (bluffing) statement made by Player 1 that threatens a penalizing action against Player 2 if Player 2 does something that Player 1 does not want Player 2 to do. Opposite of credible threat.

Coercion

The act of compelling or forcing someone to act in a certain way through pressure, threats, or the use of force.