According to House's Path-Goal Theory

question 50

Multiple Choice

According to House's path-goal theory,

• A)managers cannot adopt different leadership styles in different situations.
• B)rewards should be used as a measure of approval for past performances, rather than as motivators.
• C)effectiveness is dependent on leadership skills and characteristics, not work context.
• D)coercive power will most effectively ensure high performance and goal attainment.
• E)subordinates need to be motivated based on their nature and that of their work.

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Definitions:

Inelastic Demand

Characterized by a consumer's lack of sensitivity to price changes, resulting in minimal changes in quantity demanded despite fluctuations in price.

Competitive Industry

An industry characterized by numerous firms, where no single firm can dictate the price of goods or services.

Marginal Cost

The cost related to creating an additional unit of a product or service.

Above Marginal

This is not a standard economic term and lacks a universally recognized definition. NO