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Consider the following argument: Marcia's primary leadership trait is her ability to give commands because if all else fails, she can always be an effective leader by directing others. Which of the following, if true, would undermine this argument?
Marcia has the ability to give clear direction in uncertain circumstances.
Marcia relies on her experience in order to know the right thing to do when a decision needs to be made.
Marcia has been known to be firm and decisive when dealing with problem employees.
Marcia is well-respected by her colleagues in the organization.
In almost all cases, Marcia's decisions are backed up by her superiors.
Marginal Utility
The augmented satisfaction or value derived from the consumption of one extra unit of a product or service.
Total Utility
Measures the total satisfaction or benefit that a person derives from consuming a certain quantity of a good or service.
Utility Schedule
A table showing the different levels of utility or satisfaction derived from consuming varying amounts of a good or service.
Marginal Utility
The boost in satisfaction or usefulness one gets from consuming an extra unit of any good or service.
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