Leaders' Effectiveness Is Determined by the Control They Have Over

question 2

Multiple Choice

Leaders' effectiveness is determined by the control they have over a situation (Fiedler, 1965) . This control depends on:

• A) task structure, leadership style and socio-emotionality.
• B) group cohesiveness, leader-member relations and task structure.
• C) leader-member relations, task structure and position power.
• D) task structure, position power and socio-emotionality.

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Definitions:

Opportunity Cost

The value of the best alternative that is forgone in making any choice or decision.

Terms of Trade

The ratio between a country's export prices and its import prices, indicating the quantity of imports goods a country can purchase through the sale of its exports.

Supply and Demand

Fundamental economic model describing how prices vary as a result of a balance between product availability and consumers' purchasing desires.

Opportunity Cost

The financial loss associated with rejecting the subsequent preferable choice when deciding or selecting amongst various options.