Charismatic Leadership as a Concept Has a Problem Because It

question 37

Multiple Choice

Charismatic leadership as a concept has a problem because it:

• A) implies that charisma is a personality trait.
• B) argues that people have to be like Gandhi.
• C) works only with whole cultures.
• D) requires too many costs to implement.

---

Definitions:

Natural Monopoly

A market condition where due to high fixed costs or unique resources, a single firm can supply a product or service at a lower cost than any potential competitor, thus dominating the market.

Natural Monopoly

A market situation where a single supplier is most efficient in providing goods or services due to the high fixed or startup costs relative to the size of the market.

Per-unit Cost

The cost associated with producing a single unit of a product, including all variable and fixed costs divided by the total output.

Market Output

The total quantity of goods or services produced and offered for sale by firms in a particular market.